Hiring activity in India rises 2% in Oct: TimesJobs

NEW DELHI, Nov 19:  Hiring activity across sectors in India registered a 2 per cent rise in October led by IT, telecom, ITeS and consulting services sectors, which were the top employment generators during the month.
According to RecruiteX – TimesJobs recruitment index, hiring activity across sectors in India grew by 2 per cent in October, in sharp contrast to October last year when there was a double-digit drop in talent demand.
The report noted that during August and October, talent demand has reported a steady rise of 2 per cent on average while it had posted a 2 per cent drop during the same three months last year.
“Hi-tech skills and burgeoning tech-based entrepreneurial spirit are the new growth engines of the Indian Economy,” TimesJobs.Com COO Vivek Madhukar said.
Madhukar further said that “initiatives like Digital India, Smart Cities, Make in India when coupled with easy availability of capital and improved networking infrastructure are creating unforeseen opportunities and changing the economy”.
According to the report, demand for junior/entry-level professionals with 0-2 years of experience is witnessing a whopping 11 per cent rise in demand. The category as a whole has registered an average 4 per cent rise in demand over the last three months.
Moreover, hiring activity revived in metros in October.
Except for Delhi NCR, all metros report an increase in recruitment activity. Chennai leads the pack with 16 per cent rise in demand for professionals during the month. Bengaluru also posted a healthy 14 per cent rise.
Among tier II and III job hubs, Ahmedabad tops the chart with an average rise of 10 per cent in demand for professionals. (PTI)
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