News South Asia

1.36 lakh new job added in Q2: Assocham survey

Despite the economic slump, companies continued to hire as new jobs creation grew at a healthy 9 per cent in the second quarter of the fiscal with top five metros accounting for 61 per cent, says a survey.

"Job creation during the second quarter of the current fiscal has grown 9 per cent or over 1.36 lakh jobs, over the previous quarter, and as many as 61 per cent of new jobs were created in the top five metros," industry lobby Assocham said in a report. The Q1 of the fiscal saw over 1.25 lakh new jobs.

The cities that created the maximum number of jobs were Bangalore, Chennai, Delhi-NCR, Kolkata and Mumbai.

"Though with 23.6 per cent share, Delhi-NCR topped other metros in new job generation, this was still down over 5 per cent -- from over 34,200 jobs in Q1 to over 32,300 jobs in Q2," said the report.

Bangalore at the second number generated over 21,000 jobs, a growth of 12 per cent over 18,700 jobs created in Q1.

Mumbai generated 11 per cent more jobs (14,649), and Chennai 8,786 while Kolkata saw decline of 2 per cent with the reporting period adding just over 6,400 jobs as against 6,500 in Q1.

With over 58,000 new jobs, IT, IT-enabled services and IT hardware sectors topped, at a share of 42 per cent or a growth rate of over 12 per cent.

The second highest contribution has come from the banking, financial services and insurance with over 22,900 new jobs, a growth of over 32 per cent. Construction and engineering sector is at the third slot with over 7,200 new jobs.

Telecom, aviation, pharma and bio-technology, FMCG, energy, hospitality, advertising and event management, sports, merchandising, other manufacturing, automobile, research and consultancy are other sectors which saw job growth.

However, academics/education, realty, agriculture and allied activities, architecture, gems & jewellery, HR, infra, logistics, media, retail, textile and warehousing saw a dip in job generation.

Other cities that contributed to new jobs include Pune (40 per cent jump), Ahmedabad (31 per cent), Surat (24 per cent) and Hyderabad (16.5 per cent). But Coimbatore, Gandhinagar, Kanpur, Lucknow, Ludhiana and Meerut saw people losing jobs.

The survey tracked job vacancies posted by over 3,000 companies on job portals, newspaper ads of national and regional dailies and news journals in 56 cities and 32 sectors.