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India – Hiring activity increases in July

22 September 2016

Hiring activity in India increased by 10.2% in August compared to the previous year, according to the latest Naukri Job Speak Index, compiled by Naukri.com.

Naukri said the rise in hiring activity was driven by growth in sectors like IT services, BPO (business process outsourcing) and BFSI (banking, financial services and insurance).

"As predicted earlier, the job market seems to sustain the momentum gained in the past few quarters," V. Suresh, Chief Sales Officer, Naukri.com, said.

According to Suresh, while bigger metropolitan cities continued to drive the growth in hiring activity, there were also signs of revival in emerging markets.

"We can expect this trend to continue in the coming quarters," Suresh said.

IT-Software jobs grew 11% when compared to August 2015 while BPO/ITES showed a 16% growth year-on-year.

The Banking/Financial services experienced a year-on-year jobs growth of 42% and the Insurance industry also witnessed 49% growth in the same period.

Meanwhile, Construction/Engineering and Oil & Gas/Power/Energy saw jobs decrease by 8% and 17% in August 2016 when compared to August 2015, respectively.

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