Indian job mkt sees record 22% Y-O-Y growth in June'22: Report
New Delhi
05-July-2022
Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday.
The report Naukri JobSpeak Index showed that demand for entry-level talent continues to record the highest yearly growth (+30 per cent) in June'22.
Demand for freshers surged specifically in Mumbai (+93 per cent) amongst metros apart from Kochi (+105 per cent) amongst tier-II cities.
Sectors leading hiring for freshers include travel and hospitality (+158 per cent), retail (+109 per cent), insurance (+101 per cent), accounting finance (+95 per cent), BFSI (+88 per cent), and education (+70 per cent).
Growth in hiring sentiment was also observed for other experience brackets such as 4-7 years (+19 per cent), 8-12 years (+17 per cent), 13-16 years (+21 per cent), and over 16 years (+17 per cent) in June'22 v/s June'21.
Amongst industries, travel and hospitality continued to show maximum surge in hiring activity in June'22 v/s June'21 at +125 per cent. This was followed by retail (+75 per cent) and BFSI (+58 per cent).
Other key sectors that saw an uptick in YOY trends are insurance (+48 per cent), education (+47 per cent), real estate (+46 per cent), auto (+37 per cent), and oil and gas (+36 per cent) while telecom and pharma/biotech remained flat.
"With the Indian economy growing at a steady pace, the job market is also seeing a consistent uptick in hiring activity across key sectors and cities. This upward trend is a positive indication as a significant proportion of new job opportunities are being created for professionals across sectors and experience bands," said Pawan Goyal, Chief Business Officer, Naukri.com, in a statement.
Further, Mumbai continues to lead the race in three consecutive months at +43 per cent y-o-y growth, followed by Kolkata (+29 per cent), Delhi (+29 per cent), Chennai (+21 per cent), Bangalore (+17 per cent), Pune (+15 per cent), and Hyderabad (+11 per cent).
In non-metros, Coimbatore showed the maximum y-o-y growth at +60 per cent in June'22, followed by Kochi (+51 per cent) and Jaipur (+19 per cent). The only centers that remained flat are Ahmedabad and Chandigarh. - IANS
More Headlines
Sex Scandal: SIT Rejects Prajwal Revanna’s Request; Lookout Notice Issued, Another Victim Comes Forward
Explore Sridevi's Cherished Chennai Home with Host Janhvi Kapoor on Airbnb
Sanjay Raut Questions Increase In Maha Voting Percentage After 11 Days
Rohit Nagdewani’s Fresh From Farm Raises $2 Million, Aims For Aggressive Expansion in Delhi/ NCR
IIT Roorkee Startup Wins DRDO's 'Dare to Dream 4.0' with Innovative Gun-Shot Detection Tech
Sex Scandal: SIT Rejects Prajwal Revanna’s Request; Lookout Notice Issued, Another Victim Comes Forward
Explore Sridevi's Cherished Chennai Home with Host Janhvi Kapoor on Airbnb
Sanjay Raut Questions Increase In Maha Voting Percentage After 11 Days
Rohit Nagdewani’s Fresh From Farm Raises $2 Million, Aims For Aggressive Expansion in Delhi/ NCR
IIT Roorkee Startup Wins DRDO's 'Dare to Dream 4.0' with Innovative Gun-Shot Detection Tech