India's job market posted a strong recovery on August 2021, with 89% new hires compared to the previous year, according to the monthly index on the popular job portal Naukri.com.

Monthly Index calculates and records hiring activity based on newly added vacancies for each month.

The Naukri JobSpeak Index measures hiring activity across different industries, cities, functional areas, and experience levels. July 2008 served as the base with an index value of 1,000 and the following monthly indices are compared to the July 2008 data.

As a clear sign that new hires are on the rise, the August index also outperformed the values of pre-pandemic levels for the same month of 2019 by 24%.

“With a fair number of setbacks in 2020, we can finally recognize a general recovery trend in the job market. While Jan-May’21 was still in the red compared to the pre-pandemic 2019 figures, we are seeing a positive growth trend since June’21,” said Mr. Pawan Goyal, Chief Business Officer, Naukri.com.

“IT continues to dominate the hiring and industries such as Education, Telecommunications, BFSI and Insurance are also recovering. As a result of the increase in new hires, the need for human resources/administrative staff has also experienced a significant increase, which indicates growth plans in all companies”, he added.

IT companies led hiring in the country, with growth of 79% in August compared to August 2019. Jobs in the education sector also experienced a strong recovery, at 102%.

Further, Other sectors that have now surpassed pre-pandemic figures are real estate (15%), telecommunications (13%), medicine and healthcare (8%), pharmaceuticals and biotechnology (7%), insurance (6%) and BFSI (5%).

Hiring trend across key sectors – August 2021 vis-a-vis August 2020

Sector	% Rise
IT Software	173%
Hospitality/Travel	134%
Education/Teaching/Training	102%
Real Estate/Property	100%
Banking/Financial Services	74%
Oil and Gas/Power	71%
Retail	68%
Pharma/Biotech	56%

At the city level, new hires in the top 6 metropolises increased 39% in August compared to August 2019, led by IT hubs Bengaluru (66%), Hyderabad (61%), Pune (54%), Chennai (30%), Delhi-NCR (16%) and Mumbai (4%).

Meanwhile, Tier 2 cities are also experiencing a gradual recovery, with hiring activity increasing 10%, led by Ahmedabad (27%) and Chandigarh (23%).

Hiring trend across key cities – August 2021 vis-a-vis August 2020

 

Metro Cities
City	% Rise
Bangalore	153%
Hyderabad	147%
Pune	130%
Chennai	122%
Delhi/NCR	92%
Mumbai	88%
Kolkata	75%
Emerging Cities
City	% Rise
Ahmedabad	120%
Coimbatore	89%
Vadodara	59%
Chandigarh	45%
Kochi	35%
Jaipur	34%

The positions analysed for the monthly index are scored using White-collar jobs in the organized business sector with a focus on service industries.