Last month, i.e. in July 2024, the country was in a good position regarding employment. Employment activity in offices increased by 12 per cent in July. A report related to this released on Friday said that during this period most sectors registered good double-digit growth. According to the ‘Naukri JobSpeak’ index, in July 2024, recruitment activity in offices in India grew at a rate of 12 per cent and 2,877 jobs were registered, which was 2,573 in the same month last year.
More activity was seen in these sectors
According to the news, Naukri JobSpeak is a monthly index, which gives information about India’s job market and recruitment activities based on recruiters and job-related searches on the resume database of ‘Naukri.com’. The report said that during this period most sectors registered good double-digit growth. These include pharma/biotech (26 per cent), FMCG (26 per cent), real estate (23 per cent) and AI-ML (47 per cent). The report, however, said that this growth could be due to fewer jobs in July 2023, when there was an unusual decline in recruitment activity due to the troubles of the IT sector.
Gujarat leads in terms of employment
Recruitment in the information technology (IT) sector grew by a good 17 per cent year-on-year in July this year. The artificial intelligence and machine learning (AI-ML) sector continued its strong performance with a significant growth of 47 per cent. Gujarat remained at the forefront in terms of employment. Hyderabad has emerged as a major hub for job creation across several key industries.
A strong 12 per cent growth in recruitment activity is a much-awaited, encouraging sign for this financial year. This is the first month this year to see positive growth. This broad-based, positive change could potentially be the beginning of an upcycle in the Indian white-collar job market.
