India's white-collar hiring registered a 14% year-on-year growth in August, driven by sectors including auto, healthcare and retail, a report said on Tuesday. The overall Naukri JobSpeak Index touched 3,028 compared to 2,664 in August last year, according to a report by Naukri.com, Info Edge's flagship brand.
August saw hiring growth across both IT and non-IT sectors and across experience levels. However, the hiring growth needs to be viewed in the context of the festive calendar, with a larger part of the festive period falling in August last year and shifting to September this year. "We will have a clearer view of the underlying hiring trend as we move through the festive quarter," Info Edge (India) Ltd MD and CEO Hitesh Oberoi said.
The Naukri JobSpeak report is a monthly index that tracks trends in India's job market and hiring activity, based on new job postings (including free job listings) and recruiter searches on Naukri.com's platform.
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The report further revealed that the auto sector recorded strong hiring growth at 19%, followed by healthcare at 16% and retail at 15%.
Among other key sectors, insurance grew at 12% YOY, followed by IT at 11%, banking and FMCG at 10% each, and BPO/ITES, oil and gas and real estate at 8% each.
Pharma/Biotech remained flat, while hospitality and travel witnessed a 4% decline in hiring, and education saw an 8% drop, it added.
Hiring remained positive at all experience levels, with fresher recruitment witnessing a growth of 15% YoY, while for 4-7 years it rose 10%, the report said.
Mid-to-senior experience bands also recorded strong growth, with hiring up 16% for 8-12 years, 18% for 13-16 years and 13% for over 16 years, it added.
Among metros, Hyderabad led hiring growth at 23% YoY, followed by Kolkata at 22%, Chennai at 20%, Bengaluru and Pune at 14% each, Delhi NCR at 10% and Mumbai at 7%.
While in emerging cities, including Bhubaneswar (32%), Raipur (23%), Surat (21%) and Ranchi (19%) recorded strong growth, the report added.
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