Employment rate in our country is always a question, given the fact that the kind that was expected to be generated as promised by the government has not really been generated. However, the data related to the hiring activity indicates a decent increase in ITES sectors. In comparison to last year, there has been a modest growth of 3% while auto, hospitality, education and healthcare still lingers on a slow and steady growth. A report revealed by Naukri.com has put a confirmation on these facts where the Speak Index for July this year stood at 1,882 over the same month in 2015.
“Post an impressive 22% growth in June this year, though the index for July shows muted growth of just 3%, good news is the slow and steady growth in the non-IT sectors like auto, hospitality, education and healthcare to name a few,” Naukri.com Chief Sales Officer V Suresh said. The stalemate before in the non-IT sectors was of concern for a time however, the sturdy progression, especially in hospitality and education, has provided much of a relief. Growth as considerable and noticeable one too could be ascertained 46% year on year recorded by ITES and healthcare was up by 23% followed by auto/auto ancillary at 17%. The July index also showed a wane in IT software and telecom sectors by 21% and 32% respectively.
More skilled people are on demand in information technology enabled services. “Looks like this trend will continue and we can expect the index to move north in the coming months,” Suresh added. On the other hand, the demand is not much in IT software and IT hardware industries. The index has shown a decline in these sectors by 14% and 15% respectively. The data that has come out after a survey of such demands show that not much is there even in metropolitan cities. Chennai is reported to be the only city amongst all that has shown an upward movement of 11% but South is going purely south in percentage. Pune, Bangalore and Hyderabad recorded a fall of 14%, 18% and 18% respectively. The NCR region along with Delhi reported a decline of 4% in the July index and Mumbai too witnessed a downward movement of 11%.