India’s employment jumps 12% in July, strong growth across sectors

New Delhi, August 2 (IANS): Employment in India rose 12 per cent in July compared with the same month last year, with most sectors posting solid double-digit growth, led by pharmaceuticals/biotech and FMCG, a report showed on Friday.

According to the Naukri JobSpeak Index, hiring has increased by 11 per cent (quarter-on-quarter) compared to June.

The pharmaceutical and biotechnology sector recorded a significant year-on-year growth of 26 per cent, led by Baroda (61 per cent) and Hyderabad (39 per cent).

Similarly, FMCG employment grew by 26 per cent, led by Bengaluru (52 per cent) and Kolkata (43 per cent). The real estate sector also showed a strong employment growth of 23 per cent, led by Delhi-NCR and Hyderabad, the data showed.

The IT sector recorded a solid 17 percent growth in July compared to a year earlier.

“This is the first month this year where we have seen positive growth and the fact that it is spread across sectors and geographies makes it very promising,” said Dr. Pawan Goyal, Chief Business Officer, Naukri. This broad-based positive change could potentially mark the beginning of a growth cycle in the Indian white-collar job market, he added.

The roles that saw the biggest growth in hiring included machine learning engineers, data scientists, BI managers, and product managers. Global Capability Centres (GCC) saw a 12 percent year-on-year growth, driven by hiring in Delhi-NCR and Hyderabad. Gujarat continued to lead the pack, with Rajkot, Jamnagar, and Baroda seeing growth of 39 percent, 38 percent, and 25 percent, respectively. Hyderabad has emerged as a key hub for job creation across key industries, the report said.