India's job growth slows in September

NEW DELHI: The job growth in September has been rather slow, especially when compared to August. The Naukri Job Speak Index for the month of September 2016 stood at 1,888, recording an increase of 5% in hiring activity over the same period last year. After a brief revival in August, the jobs growth has generally been relatively small in the last three months, according to a Naukri release.

“After an impressive 22% and 10% YOY growth in July and August respectively, the September index seems to have slowed down a bit with a 5% growth. But the good news is the sustained positive momentum in key sectors like IT/ITES and Banking. With the festive season round the corner, we can expect the index to move further north in the next few quarters,” V. Suresh, Chief Sales Officer, Naukri.com said.

The IT sector that includes software/software services grew at a moderate 6%, ITES/BPO industry registered an impressive 20% growth in September. By contrast, IT – hardware saw jobs declining by 20% in September 2016 when compared to September 2015.