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India – New Delhi job market strong but south and west sluggish

03 July 2013

New Delhi and the National Capital Region (NCR) produced the best employment results, between April and June 2013, with 27% of the job market share, according to the Associated Chambers of Commerce and Industry of India (Assocham). 

New Delhi-NCR generated over 34,000 jobs in Q1 2013, a year-on-year increase of approximately +16%. IT, Information Technology-enabled Services (ITeS), and hardware sectors created 47% of the jobs in New Delhi-NCR. Academic appointments accounted for the second most successful sector with 14% of the market share, followed by banking, insurance and financial services with over 6%.

Kolkata was another high performing region with the second highest job creation numbers. New jobs totalled 6,500, a year-on-year increase of 1,000 jobs. IT, ITeS, and hardware sectors again created the most jobs with a 38% market share in the region. Bangalore recorded a +7% increase in new jobs number during the same period.

“A total of over 125,500 new jobs were generated across India during the first quarter of the current financial year,” said Mr D. S. Rawat, national secretary general of Assocham. “However, the new job generation growth in India during this period has declined marginally by about -2%, as over 127,700 new jobs were generated during the corresponding period last year.”

New job figures in Chennai dropped by -21% year-on-year, with 2,200 fewer jobs created. Mumbai experienced the biggest decline in number of jobs created, falling -28% compared with last year.

“Overall, these numbers portray a dull job market owing to [the] on-going global economic slowdown. Though the hiring trend activity has put up a dismal show[ing] during the first quarter of the current financial year, the industry is hopeful that [the] job market will pick up [from the] second quarter onwards,” said Mr Rawat. 

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