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%.
Love Business news?
Stay updated with the latest happenings.
Yes, notify Me
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.