Hiring in India grew 18 per cent during August, led by sectors like telecom and IT/BPO and this momentum is expected to continue in the coming months, says a report. The Naukri Job Speak Index for the month of August 2014 was at 1,478 indicating an 18 per cent growth in hiring when compared to August 2013.
“Hiring activity has seen a growth in the past six months with the Naukri Job Speak Index showing consistent levels of growth especially in sectors like IT and BPO. We expect hiring activity to sustain its momentum in the coming months,” Info Edge (India) Senior VP Marketing Corporate communications and Strategic Alliances Sumeet Singh said.
A monthly comparison however shows a decline of 10.36 per cent in hiring, compared to July.
Industry wise, hiring sentiment was “exuberant” with sectors like telecom and BPO sector witnessing an increase of 36 per cent and 26 per cent respectively in August 2014, as compared to the same month last year.
Apart from the telecom and BPO sector, IT and Banking sector and auto and pharma experienced significant year-on- year growth during August.
Meanwhile, the demand for professionals working in BPO saw the maximum growth with the index moving up by 29 per cent in August, over same month last year, followed by those employed in IT and HR sector.
Amongst metros, Delhi-NCR region saw the maximum growth in hiring in August. It was followed by Bangalore, Chennai and Kolkata which have seen an increase of 22 per cent respectively in the same time period.
Mumbai has seen the least increase in hiring in the previous month with the index moving up by 11 per cent in August, over the corresponding period last year.