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India – Jobs numbers up +9% in Q2

15 October 2013

New jobs generated in the country surged by about +9% during the second quarter of the current financial year, as companies continued to hire, reported the Associated Chambers of Commerce and Industry of India (Assocham).

During the three months between July and September 2013, an additional 136,000 jobs were created.

Results of a survey conducted by Assocham showed that the country's top five metropolitan areas accounted for six out of every 10 of the new jobs created during Q2 of 2013-14.

The new jobs were generated in various sectors across India, compared with 125,000 new jobs generated during Q1, the survey said, adding: ''Top five metros of Bangalore, Chennai, Delhi-National Capital Region (NCR), Kolkata, and Mumbai together account for about 61% of these new jobs.''

Delhi-NCR added the highest number of jobs among all metropolitan areas, according to a sector-specific analysis on 'Job Trends Across Cities & Sectors,' conducted by Assocham.

With an increase of 58,000 new jobs IT, IT enabled services (ITeS), and the IT hardware sectors created the most jobs, accounting for 42% of new job generation. The IT sector also recorded a quarter-on-quarter growth rate of over +12 % in Q2, when compared with the 49,500 new jobs it created in the previous quarter, reports the Economic Times India.

The Banking, Financial Services & Insurance (BFSI) sector ranked second with over 22,900 new jobs and a quarter-on-quarter growth rate of over +32%. The Construction & Engineering sector together has generated over 7,200 new jobs, registering a quarter-on-quarter growth rate of over +10.5%, according to the report.

Telecom, Civil Aviation, Pharmaceuticals & Bio-technology, Fast Moving Consumer Goods (FMCG), Energy, Hospitality, Advertising & Event Management, Merchandising, Research & Consultancy are the other significant sectors that have seen a surge in employment generation.

In contrast, Academics and Education, Real Estate, Agriculture, Architecture, Gems and Jewellery, HR, Infrastructure, Logistics, Media, Retail, Textile & Warehousing are sectors that have registered a dip in new job generation during Q2.

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