Hiring up in Feb; signals confidence in Indian economy: Monster
New Delhi: Hiring activity in India registered an uptrend in February, signalling sustained confidence by Indian businesses in the economy, a leading job portal has said.
The online hiring activity in India witnessed a 4 percent increase from the previous month, and 16 percent rise from the year-ago period, Monster.Com said.
The Monster Employment Index India for February, a monthly gauge of online job demand, stood at 133, up nearly 4 percent from the previous month.
"The Monster Employment Index India exhibits positive annual growth owing to cautious 'optimism'. This is reflective of the confidence that employers are showing in the resiliency of the Indian economy," Monster.Com (India/Middle-East/ South East Asia) Managing Director Sanjay Modi said.
A sectoral analysis showed hiring in sectors, including BPO/ITeS, banking /financial services/insurance, telecom, oil and gas, healthcare, advertising and public relations, real estate, retail and shipping among others, continued.
In February, online job availability increased in as much as 19 of the index's 27 industry sectors. However, it declined in five occupational categories monitored by the company and remained unchanged in three categories.
The month witnessed an increase in demand for technically qualified professionals in customer service, engineering, finance, sales, HR, communication, health care legal and arts and creative field.
In terms of cities, out of the 13 under review, only three cities Kochi, Baroda and Coimbatore, witnessed a decline in online demand, while it increased in Mumbai, Bangalore, Delhi, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad, Chandigarh and Jaipur, the report said.