Hiring in India rose by 13 percent in August 2015 compared to August 2014, leading Indian job site Naukri.com announced on Monday through Naukri Job Speak Index.
“Job market seems to be moving north, sustaining the momentum gained over the first four months of this financial year with an impressive 13 percent year-on-year (YoY) growth in August,” V. Suresh, executive vice president, Naukri.com, said in a statement.
“This growth is led by sectors like IT, banking and pharma and we can expect the other sectors to pick up in the next few quarters,” added Suresh.
Banking and Financial Services (BFSI) witnessed the highest growth at 26 percent on a year on year basis followed by healthcare (26 percent), pharmaceuticals (13 percent), IT software (13 percent), telecom and media (nine percent) and entertainment industries (seven percent), the statement said.
However, insurance sector continued to see a decline in hiring while auto and ancillary industries witnessed stability.
According to Naukri Job Speak Index, Hyderabad recorded the maximum growth in hiring among all the metro cities in India, with a growth rate of 24 percent, followed by Mumbai (19 percent), Pune (15 percent), Bengaluru (13 percent), and Delhi and Chennai (10 percent each).
Hiring activity remained stagnant in Kolkata.
In the functional area analysis executed by the Naukri Job Speak Index, demand for pharma professionals rose by 18 percent and for ITES/BPO professionals by 13 percent in August 2015.
Advertising, PR and marketing professionals also witnessed demand for their services, the statement added.
Naukri.com started operations in 1997 and is owned by Info Edge.