Hiring in India for White-Collar Jobs Surged 10% YoY in October 2024 in Multiple Sectors, Jobs for Freshers Up 6%
Hiring in India for white-collar jobs increased 10% year-on-year in October 2024. The freshers job increased 6% last month.
New Delhi, November 4: The white-collar hiring activity in India saw robust growth in October with a significant 10 per cent increase (year-on-year), with sectors like oil and gas, pharma/biotech, FMCG and IT emerging as primary drivers of this positive trend, according to a report on Monday. Artificial intelligence/machine learning (AI/ML) roles showed exceptional growth at 39 per cent year-on-year and 2 per cent month-on-month, according to data by The Naukri JobSpeak Index.
ML engineer roles saw a remarkable 75 per cent growth. Notably, hiring in IT sector showed positive growth in four out of seven months this fiscal, auguring well for balance of year trends. After a sluggish performance throughout the year, hiring for freshers showed encouraging signs with a 6 per cent year-on-year growth in October. Hiring During Indian Festive Season Surged 20%, Over 2.16 Lakh Job Postings Reported in Country's Various Sectors: Report.
“The accelerating pace of fresher hiring is a strong indicator of business confidence and presents exciting opportunities for upcoming graduates,” said Dr Pawan Goyal, Chief Business Officer, Naukri. IT unicorns demonstrated strong performance with a 28 per cent increase in white-collar hiring. At the same time, foreign MNCs and global capability centres (GCCs) in the IT sector, which had a relatively slower growth through the year, showed an impressive jump of 5 per cent and 10 per cent, respectively.
Overall, GCCs demonstrated consistent growth with a 17 per cent year-on-year increase in October, said the report. The festive period also witnessed a significant growth in data-focused positions. Southern states demonstrated exceptional growth in white-collar hiring, with multiple cities showing strong year-on-year gains. Google DeepMind Hiring for Research Engineer Position To Work on Gemini AI, Interested Candidate Need To Apply Within 2 Weeks; Check Details.
Tamil Nadu emerged as a standout performer with a 24 per cent YoY growth, followed by Telangana (+16 per cent), Karnataka (+12 per cent), Andhra Pradesh (+9 per cent) and Kerala (+7 per cent). Senior roles and strategic hires continued to drive job market growth. FMCG and pharmaceutical/biotechnology sectors were particularly keen on hiring experienced professionals, said the report.
(The above story first appeared on LatestLY on Nov 04, 2024 02:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).