Hiring Activity Continues Positive Momentum Recording 9% Y-o-Y Growth In July 2018
Insurance & Real estate have been front-runners in the month of July with 34 percent and 28 percent growth respectively
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The Naukri JobSpeak Index for July 2018, at 2,101, marked a 9 percent increase in hiring activity from July 2017 (1,928).
Insurance & Real estate have been front-runners in the month of July with 34 percent and 28 percent growth respectively. Auto which was on a slowdown last year has started well this year and continues the momentum in hiring for July 18 with 31 percent growth.
Hiring in FMCG sector has also geared up with a year-on-year rise of 18 percent in July 2018. Jobs in Banking & Insurance domains have seen the growth of 26 percent in hiring. Among the metropolitan cities, Delhi NCR saw a rise of 14 percent in hiring activity; likewise, Chennai was up by 13 percent and Mumbai by 4 percent.
Commenting on the report, V. Suresh, Chief Sales Officer, Naukri.com said,” The Job speak Index has shown a healthy 9 percent YOY growth in July after a consistent 9 percent growth in June and 11 percent in May respectively. Non-IT sectors viz. Auto, Auto Ancillary, Real estate, Construction & BFSI continue to lead the growth. We can expect the job market to be cautiously optimistic and move further north in the months to come.”
The Indian auto industry has been recording tremendous growth over the years and has emerged as a major contributor to India’s gross domestic product (GDP). The industry employs about 19 million people both directly and indirectly. Manufacturing, sales and marketing jobs dominate the auto industry in terms of hiring. The Indian Auto industry is undergoing a revival in 2018 and has witnessed a year-on-year growth of 31 percent in Jul 2018.
Hiring activity in Delhi/NCR grew by 14 percent. The industries which dominated the hiring space for the capital city were - Banking/Financial Services, Auto/Ancillary and BPO. Job domains that saw the maximum traction were Sales and HR.