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