February 3, 2023
India’s hiring activity saw a 2% growth last month, despite a 25% decline in hiring in the Information Technology (IT) sector
Non-metro cities majorly drove new job creation last month
Ahmedabad recorded the most job creation at 40% among the healthcare and insurance sectors
Mumbai recorded a hiring growth of 14%, followed by Delhi at 10%
India’s job market was driven by emerging cities in January 2023, where companies across multiple industries (non-IT) increased their talent search beyond metro cities, according to a report from Naukri JobSpeak.
According to the report, India’s hiring activity saw a 2% growth last month despite a 25% decline in hiring in the IT sector. Non-IT sectors such as insurance, oil, hospitality and banking have compensated for that decrease.
Among locations, non-metro cities majorly drove new job creation last month where Ahmedabad recorded the most at 40% among healthcare and insurance sectors, followed by Baroda at 37% where the construction sector did the majority of hiring. On top of that, Jaipur recorded a 14% growth, led majorly by Business Process Outsourcing (BPO) and banking sectors.
Regarding metro cities, Mumbai recorded a growth of 14%, followed by Delhi at 10%, primarily across the insurance sector for both.
Source: Financial Express