Indian job index increased by 4.1% in September

In India the job index has moved up by 4.1% in September. According to Naukri JobSpeak, job index, there has been increase of 4.1% in September in comparison to August. As per the three-month average the job index has moved up from 715 in August to 719 in September this year as the hiring activity has picked up among Indian companies. In April – May this year the job index was as low as 664.

The hiring has moved up in all experience levels, thus the highest growth in hiring for freshers and trainees has increased by 39%. According to the report consisting data of 41 industries has illustrated a positive trend in September across sectors and cities. As per report across 14 industries it was a double-digit increase in hiring activities while in 13 sectors it was a single-digit increase and 11 functional areas indicated a plunge.

Last month the hiring in ITeS and BPO services increased by 18.3 per cent as compared to August. Even the real estate and retail sectors bounced back, showing an increase of 36.8 and 12.2 per cent, respectively, but were still far away from August 2008 levels.

Out of the top 13 cities, an upward trend was seen in Mumbai, Chennai and Delhi-NCR, the hiring was at 9, 8.4 and 3.5 per cent, respectively. While the smaller cities of Ahmedabad and Vadodara saw a double-digit growth rates at 11.8 and 12.5 per cent, respectively.

Hitesh Oberoi, director and COO of Info Edge, which operates Naukri.Com told, "The secular trend is positive across sectors. Had it not been for an early festival season, we may have seen a further improvement in the index. The good news is that the IT and BPO sectors — which are big employers, especially at entry and junior levels — seem to be in positive territory after a long time".

But there has been decline in the hiring activity in the sectors of banking & finance and oil & gas. The drop was by 6.5 per cent and 4.6 per cent, respectively, in September in comparison to the previous month.