Last month i.e. in July 2024, the employment situation in the country was good. Employment activity in offices increased by 12 percent in July. A report related to this released on Friday said that during this period, good double-digit growth was registered in most sectors. According to the ‘Naukri JobSpeak’ index, in July 2024, recruitment activity in offices in India grew at a rate of 12 percent and 2,877 jobs were registered, which was 2,573 in the same month last year.
More activity was seen in these sectors
According to the news, Naukri JobSpeak is a monthly index that provides information about India’s job market and recruitment activities based on recruiters and job-related searches on the resume database of ‘Naukri.com’. The report said that during this period most sectors registered good double-digit growth. These include pharma / biotech (26 percent), FMCG (26 percent), real estate (23 percent) and AI-ML (47 percent). The report, however, said that this growth may be due to fewer jobs in July 2023, when there was an abnormal decline in recruitment activity due to the troubles of the IT sector.
Gujarat is at the forefront in terms of employment
Recruitment in the information technology (IT) sector grew by a healthy 17 per cent year-on-year in July this year. The artificial intelligence and machine learning (AI-ML) sector continued its strong performance with a remarkable growth of 47 per cent. Gujarat remained at the forefront in terms of employment. Hyderabad has emerged as a major hub for job creation in several key industries.
A robust 12 per cent growth in hiring activity is a much-awaited, encouraging sign for this fiscal year. This is the first month this year to see positive growth. This broad-based, positive change could potentially be the beginning of an upcycle in the Indian white-collar job market.
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