Job market fast moving southward - TeluguPeople.com News

Hyderabad, April 1 (INN): Along with the sluggish economic growth rate, the new job generation has declined by 14.1 per cent during the second half of financial year 2012-13 as against the corresponding period last year across India.

'India's slowing economy and policy unpredictability had significantly slowed down the fresh investments and hurt job creation across the country', according to the just concluded study undertaken by ASSOCHAM.

'A total of over 5.38 lakh jobs were generated during the financial year 2012-13 across India with 2.65 lakh jobs getting generated in first half of the year and 2.73 lakh jobs during second half of the financial year' according to a sector specific analysis titled 'Job Trends Across India in 2012-13'.

The ASSOCHAM Economic Research Bureau (AERB) sourced their inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals like timesjobs.com, naukari.com, monster.com, shine.com and job related advertisements published in national and regional newspapers for about 56 cities and 32 sectors offering job opportunities.

The job scenario for the second half of the financial year 2012-13 reveals that Delhi and National Capital Region (NCR) topped as the job generation center with over 66,000 jobs followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs) to round-up the list of top five employment generating centre's in India.

Sector-wise, Information technology (IT) ranked on top with 1.2 lakh jobs generated during the second half of the financial year 2012-13 across the country.

Academics and education ranked second with over 19,500 jobs generated in the sector followed by insurance (over 12,000 jobs), financial services (11,680), banking (11,675 jobs), automobile (11,290 jobs), manufacturing (10,670 jobs), engineering (9,835 jobs), and IT hardware (7,000 jobs) as the other leading job generating sectors in India during the second half of the financial year 2012-13.

In terms of growth, aviation sector has registered the highest new job generation growth of over 72 per cent followed by HR (16.3 per cent), academics and education sector (8.0 percent) and real estate (0.2 per cent). Whereas, the rest of the sectors registered negative growth rate that ranged from over 4 to 46 percent during the period.

Among the Tier I cities, while releasing the study ASSOCHAM spokesman said, Hyderabad is the only city which has registered nominal growth rate of 0.1 percent during the second half of the 2012-13 on an year-on-year basis whereas all the remaining cities have shown a negative growth.

Ahmedabad registered highest decline in the new jobs generation growth with -37.4 percent followed by Pune (-23.2 percent), Mumbai (-21.6 percent), Kolkata (-18.0 percent), Chennai (-11.3 percent), Bangalore (-9.9 percent) and Delhi/NCRT (-1.6 percent).

In Hyderabad, IT/ Enabled (10673 jobs), Academics and Education (1296 Jobs), IT/Hardware (917 jobs), Automobile (866 jobs) and Engineering (709 jobs) are the major new job generating sector.

Among the top five new jobs generating sectors IT/Enabled, Academic and Education and Automobile sector registered positive growth rate whereas IT/ Hardware and Engineering registered negative growth rate.