IT, telecom job demand is growing faster than several other industries in India, according to job portal TimesJobs.
There was two percent rise in recruitment in the first year of the NDA government (May 2014 to May 2015) compared to the last year of UPA government (May 2013 to May 2014), said a comparison of talent demand in India by TimesJobs.
‘Digital India’ propelled the demand more than ‘Make In India’, as per the TimesJobs recruitment index.
The overall talent demand was zero percent in the final year of UPA regime. Except IT/Telecom, e-commerce and startup industries which saw two percent talent demand, all other fields saw negative talent demand in this period.
Banking, financial services and insurance (BFSI), petrochemical/oil and gas/power, manufacturing and engineering, consumer durables/FMCG, automobiles/auto component/auto ancillary were all at minus one percent and BPO/ITES zero percent.
In the first year of the government, talent demand ranged from one percent to three percent across industries, with the highest in IT/telecom, e-commerce and startups, according to the index.
Meanwhile, Monster Employment Index revealed a 26 percent year-on-year growth in online hiring for the month of May 2015.
Production and manufacturing industries lead the growth with an increase of 53 percent compared to the year ago period.
Other top growth industries are IT (Hardware and Software) with 48 percent, BFSI 45 percent, telecom 42 percent and retail 40 percent.
Among occupations, arts/creative emerged on top with a rise of 56 percent in May 2015 compared to last May.
Geographical analysis perched Baroda on top among cities which demonstrated 40 percent rise in hiring activity for May 2015 from the year ago period. Other top cities are Coimbatore and Ahmedabad with 37 percent and Kochi with 31 percent.