Home Economy and Finance The IT-industry shows a 38% rise in job creation since last year: Report

The IT-industry shows a 38% rise in job creation since last year: Report

While the IT-industry has been recording an increase in hirings from 32 percent to 38 percent, Construction and Engineering saw an increase of 13 percent, BPO/ITES by 9 percent, FMCG by 5 percent, Education by 7 percent and IT-Hardware by 3 percent.

According to latest reports, the IT industry has shown continuous growth in the recruitment landscape over the past six months, recording a rise of 38 percent growth surpassing the 12 percent national average hike in hirings on a year-on-year basis from March 2018, says Naukri JobSpeak report.

The Naukri JobSpeak Index for March 2019, stood at 2,378, which is 12 percent higher in hiring activities from March 2018, which stood at 2,129. Also among all the major metro cities, Bangaluru topped the list, as it contributed 18 percent of the total recruitments.

The report reveals that industries such as IT Software, IT Hardware, BPO/ITES, FMCG have witnessed an increase in hirings in March 2019 compared to March 2018. While the IT-industry has been recording an increase from 32 percent to 38 percent, Construction and Engineering saw an increase of 13 percent, BPO/ITES by 9 percent, FMCG by 5 percent, Education by 7 percent and IT-Hardware by 3 percent.

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InfoEdge India CMO Sumeet Singh said, “The JobSpeak index continues with its positive growth in hiring with a 12 percent rise when compared to the same period last year. Our latest hiring outlook survey showed 89 percent recruiters from the IT industry stating that new jobs and replacement hiring will play a strong role in hiring. Hopefully, the momentum will be sustained in the coming months.”

The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month.

Further, the report revealed that the demand for mid-level executives, in the experienced band of 4-7 years, grew by 14 percent whereas recruitment for entry-level jobs, with an experienced band of 0-3 years, witnessed a rise of 12 percent.

Naukri.com, one of India’s premier job portals, had also published the findings of its Hiring Outlook survey which depicted a very bright scenario for employment opportunities in the country between January to June 2019.

Earlier too, despite much brouhaha created by the Congress over job creation, multiple sources have reiterated that around 15 million jobs were created in India by the Modi government per year.

In fact, it was also disclosed lately that CMIE, that brings out periodic Job Survey and which was instrumental in fear-mongering about ‘unemployment in India’ has a long and interesting history as it is wholly owned by Mr. Ajay Shah (and his family), the same person who also happens to be one of the main accused in a mega scam commonly known as ‘NSE Co-location’ scam and is closely linked with Congress minister P Chidambaram.

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