Indian job market sees record 22% YoY growth in June, says report

Hiring activity in India has shown an upward growth trajectory with a record 22% YoY growth in June 2022 compared to June 2021, according to the report- Naukri JobSpeak Index. According to the report, the demand for entry-level talent continues to record the highest annual growth of 30% in June 2022.

Sectors leading hiring for freshers include travel and hospitality, retail, insurance, accounting, finance, BFSI, and education.

Further, Mumbai continues to lead the race for three consecutive months at 43% YoY growth, followed by Kolkata (29%), Delhi (29%), Chennai (21%), Bangalore (17%), Pune (15%), and Hyderabad (11%).

With the Indian economy growing steadily, the job market is also seeing a consistent uptick in hiring activity across key sectors and cities. This upward trend is a positive indication as a significant proportion of new job opportunities are being created for professionals across sectors and experience bands," said Mr. Pawan Goyal, Chief Business Officer, Naukri.com.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.