Hiring activity slowed down in the first quarter of the current fiscal, according to a survey by industry body Assocham. The slowdown reflects the continued sluggishness in the Indian economy, which grew at the slowest pace in a decade in the last fiscal.
New job vacancies during April to June quarter declined by two per cent from 1.28 lakh new jobs in the corresponding period last year. Chennai, Hyderabad and Mumbai witnessed a sharp fall in new, Assocham said in a report titled 'Job Trends Across Cities & Sectors.'
"Overall, these numbers portray a dull job market owing to on-going global economic slowdown," D.S. Rawat, national secretary general of Assocham said.
Delhi-NCR (national capital region) generated most number of jobs, while the IT sector remained the biggest employment generator in the country, the survey found. Delhi-NCR accounted for 34,000 new jobs or over 27 per cent of the total 1.25 lakh new jobs generated across India in the three months to June 2013. Kolkata and Bangalore also saw higher job vacancies.
IT, ITeS and hardware together accounted for over 39 per cent new jobs generated across India, while the banking, insurance and financial services (BFSI) sector accounted for about 14 per cent new jobs. Academics accounted for over 11 per cent new jobs, the survey found.
The worrying fact was the sharp slowdown in new jobs in the core sectors such as real estate, engineering and construction and automobile. Each of these sectors accounted for just 2-5 per cent of new jobs, indicating the sharp slowdown in India's manufacturing sector.
Source: NDTV Profit
New job vacancies during April to June quarter declined by two per cent from 1.28 lakh new jobs in the corresponding period last year. Chennai, Hyderabad and Mumbai witnessed a sharp fall in new, Assocham said in a report titled 'Job Trends Across Cities & Sectors.'
"Overall, these numbers portray a dull job market owing to on-going global economic slowdown," D.S. Rawat, national secretary general of Assocham said.
Delhi-NCR (national capital region) generated most number of jobs, while the IT sector remained the biggest employment generator in the country, the survey found. Delhi-NCR accounted for 34,000 new jobs or over 27 per cent of the total 1.25 lakh new jobs generated across India in the three months to June 2013. Kolkata and Bangalore also saw higher job vacancies.
IT, ITeS and hardware together accounted for over 39 per cent new jobs generated across India, while the banking, insurance and financial services (BFSI) sector accounted for about 14 per cent new jobs. Academics accounted for over 11 per cent new jobs, the survey found.
The worrying fact was the sharp slowdown in new jobs in the core sectors such as real estate, engineering and construction and automobile. Each of these sectors accounted for just 2-5 per cent of new jobs, indicating the sharp slowdown in India's manufacturing sector.
Source: NDTV Profit
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