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Hiring activity in India climbs 12% in June

Hiring activity in India climbs 12% in June

July 9, 2024
India flag in the middle of old buildings in Hyderabad city suburbs, India

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Hiring activity in India rose by 12% in June 2024, according to the latest foundit (formerly Monster APAC and ME (Middle East) Insights Tracker (fit).

On a monthly basis, hiring activity increased by 2% in June when compared to May. 

Over the past six months, hiring saw 15% growth, reinforcing a positive outlook for 2024.

By sector, the tracker noted that the textiles & apparel sector contributed to the rise of India’s production and manufacturing industry. The sector’s 43% year-on-year surge in hiring was also driven by investments in the automobile and consumer electronics sectors.

The construction & engineering sector also saw a 29% increase in hiring over the past year, spurred by sustainability and green initiatives.

By city, year-on-year, Coimbatore leads the growth metrics with a 23% increase in hiring, followed by Jaipur with a 21% rise. Other cities showing strong growth include Delhi-NCR (18%), Hyderabad (17%), and Pune (12%).

Meanwhile, the tracker highlighted that demand for professionals with over 15 years of experience increased by 8% year-on-year.

Further data from foundit also showed that diversity hiring in India saw a 33% year-over-year increase, highlighting the success of the inclusion efforts.

Sekhar Garisa, CEO, foundit, a Quess company, said in a press release, “The 33% year-over-year increase in diversity hiring underscores the critical role that D&I policies play in shaping India’s workforce today. We commend Indian companies for prioritising inclusivity and achieving such significant growth.”

“Looking ahead, we anticipate an even deeper focus on inclusion through initiatives like mentorship and leadership programs for underrepresented groups and bias training at all levels,” Garisa said. “Companies can lead with innovative approaches such as D&I labs or councils to deepen inclusion efforts, and reverse mentorship programs, where young employees from diverse backgrounds mentor senior leaders. With these initiatives, companies can build truly inclusive workplaces and set the stage for a dynamic and equitable workforce in India.”