New Delhi: Hiring activity in India registered a significant rise of 22 percent in June and job market is expected to improve further in the coming months as the economy is showing signs of revival, says a report by job portal Naukri.Com.
The Naukri Job Speak Index for June stood at 1,570, showing a 22 percent increase in hiring activities compared to the corresponding period last year. The same is 2 percent lower compared to May, 2014.
Industry wise hiring sentiment was positive with Telecom and BPO seeing an increase of 20 percent each respectively in June 2014 as compared to June 2013.
"The economy is showing signs of revival and its effects are visible on the hiring landscape as well. The job market is reviving and we expect hiring activity to go up in the coming few months," Hitesh Oberoi Managing Director and CEO Info Edge India, which owns job portal naukri.Com, said.
A functional area analysis shows that the demand for professionals working in IT and HR & Administration saw the maximum growth, with the Naukri Job Speak Index moving up by 29 percent and 27 percent respectively in June 2014 over same period last year.
Professionals employed in ITES have also seen an increase of 24 percent on an year-on-year basis.
Amongst cities, Bangalore and Pune have seen maximum improvement in hiring in June this year over June 2013. Chennai and Hyderabad have seen a growth of 25 percent each in the same period while Mumbai and Delhi NCR has seen a growth of 17 percent.
Kolkata, meanwhile, has seen a single digit growth of 5 percent during the above mentioned period, the report said.
