January 17, 2021

IT Sector and Banking Drives Hiring Activity in March

itsecThe Naukri Job Speak Index stood at 1,609 for last month, registering 9% increase in hiring activity over March 2014.

Hiring activity in India grew by 9% in March led mainly by banking and IT sectors, with the job market outlook looking bullish, says a report.

“We can expect the index to move further north as the mood is positive and there is sign of cautious optimism across sectors. In my view the year 2015-16 will bring cheer to job seekers across cities and industries,” said Naukri.com executive vice president and chief sales officer V Suresh.

The sectors which recorded the maximum year-on-year growth were Banking and Financial Services (BFSI) and accounting and finance.

Sectors like accounting and finance, IT, advertising/PR/ MR and oil and gas registered a Y-o-Y growth of 43%, 27% and 12% respectively in the March 2015.

A functional area analysis shows that the demand for professionals in IT and consulting saw a Y-o-Y growth of 31% and 27% respectively in March 2015 in comparison with March 2014.

The demand for professionals in HR grew by 21% in March 2015 over March 2014. Banking/finance and accounts registered an Y-o-Y upward movement in hiring activity by 19% and 9% respectively.

City wise analysis shows that all metro cities registered an increase in hiring activity in March 2015 in comparison to March 2014. Pune led the pack with a Y-o-Y growth of 17% in hiring activity in the March 2015, followed by Delhi and Mumbai.

Chennai recorded a Y-o-Y increase of 6%, and Kolkata witnessed a Y-o-Y growth of 3% in March 2015 over March 2014.