24 Jun 2018
Hyderabad, Chennai at bottom as IT job growth slows down
According to a report by Naukri.com, the India's job market grew by 21% in April 2018, compared to April 2017.
Meanwhile, the IT sector, once a major player in employment generation, saw a mere 2% growth.
The unlikely winner in terms of job growth is Kolkata
India's financial capital, Mumbai performed slightly better than Hyderabad and Chennai with a year-on-year growth of 14% in hiring activity.
The national capital, Delhi, beat Mumbai by the slightest of margins with a 15% year-on-year growth in jobs.
The unlikely winner among cities was Kolkata, which saw a phenomenal 38% increase in hiring activity compared to last year.
Job growth data across different sectors
As far as sectoral job growth is concerned, the automobile industry saw the highest growth with a 31% increase compared to last year.
The automobile industry was followed by telecom, construction, and the FMCG sector, which saw 25%, 21%, and 21% growth in jobs respectively.
The BPO sector and pharma saw 18% growth each, while ITeS saw a growth of 13%.
Senior management jobs grew the least
In terms of job roles, hiring among freshers in April 2018 increased by 15% compared to the same period last year, while hiring for mid-management roles (4-7 years of experience) grew by 11% compared to last year.
Senior management (10-16 years of experience) saw the least growth in terms of jobs, with a mere 2% increase over last year.