August 10, 2023
There has been a rise from 62% in the first half of 2023 to 65% in the second half of the year in terms of fresh graduate recruitment in India
Intent to hire fresh graduates stood highest in E-commerce & Technology Start-ups at 59%
New and emerging fields such as Travel and Hospitality have shown a promising increase of 5%
Among cities, Bangalore takes the lead with a hiring intent of 65%, followed by Mumbai at 61% and Chennai at 47%
Hiring fresh graduates in the second half of 2023 (H2) in India has experienced an uptick of 3%, with the E-commerce and technology startup, telecommunications, and engineering and infrastructure sectors leading the way in fresh graduate hiring, according to a recent report by TeamLease EdTech.
The report highlights a rise from 62% in the first half of 2023 to 65% in the second half of the year in terms of fresh graduate recruitment in India.
Furthermore, the overall intent to hire across all job seeker categories has climbed from 68% to 73% during the same period, indicating a positive outlook for the job market, particularly for entry-level candidates.
Industries displaying the greatest intent to hire fresh graduates are E-commerce & Technology Start-ups (59%), Telecommunications (53%), and Engineering & Infrastructure (50%), as indicated by the survey.
While the IT sector has experienced a decrease in the overall intention to employ fresh graduates compared to the first half of 2023, new and emerging fields such as Travel and Hospitality have shown a promising increase of 5%. In terms of specific roles, positions like DevOps Engineer, Chartered Accountant, SEO Analyst, and UX Designer are in high demand across various industries for fresh graduates, according to the report.
Among cities, Bangalore takes the lead with a hiring intent of 65%, followed by Mumbai at 61% and Chennai at 47%.
The comprehensive survey encompassed 737 companies of varying sizes across 18 industries in India, spanning 14 geographic regions including metros, tier-1, and tier-2 cities. This provided insights into the hiring sentiment towards recent graduates throughout the country.
Source: Economic Times