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Hiring activities in India jumped by +10% in May when compared to a year ago, according to the latest job index by jobsite Naukri. But month-on-month, the index registered a decline of -4%.
Hiring levels were high in Delhi which posted a +26% increase while Mumbai has declined by -10% in May. Last month’s top sectors included pharma, IT and ITES. Meanwhile other sectors such as auto, insurance, oil & gas saw a dip in hiring activity.
Ambarish Raghuvanshi, CFO of Info Edge, the company behind Naukri, said that jobs continue to be created in India. “Overall it is a positive sign, however, employers seem to be following a cautious approach now and are keeping a close watch on the macroeconomic environment. Given the weak economic environment in 2012-13, any job creation is a positive sign. From this point onwards, job creation will track macro-economic indicators.”
An industry analysis shows that ITES and healthcare have emerged as strong sectors registering annual growth of growth of +56% and +47% in May. IT, banking and financial services, real estate and pharma have also seen a jump in hiring numbers over the year by +7%, +23%, +42% and +25% respectively. Oil & gas suffered the highest annual dip of -21%.
Looking at job categories, the recruitment of ITES professionals saw particularly high demand, followed by pharma professionals and sales and business development staff.