Bangalore sees 12.3% rise in job generation in Q2
Bangalore: The new job generation in the city, the IT capital of the nation, during the second quarter of FY 2013-14 surged by 12.3 percent as against the previous quarter, industry body ASSOCHAM has said in a joint study.
"With over 21,000 new job opportunities created in various sectors across Bangalore during Q2 of FY14, the new job generation in city has increased significantly from over 18,700 new jobs generated during Q1," it said.
The sector-specific analysis on 'Job Trends Across Cities and Sectors' was conducted by The Associated Chambers of Commerce and Industry of India's Economic Research Bureau (AERB).
"A total of over 1.36 lakh new jobs were generated in various sectors across India during Q2 of FY14 which increased from over 1.25 lakh new jobs that were generated during Q1.
Top five metros like Bangalore, Chennai, Delhi-NCR, Kolkata and Mumbai together account for about 61 percent of these new jobs," ASSOCHAM Secretary General D S Rawat said releasing the analysis.
"Acquiring a share of over 15 percent in total number of new jobs generated across cities and sectors in India in Q2, Bangalore has emerged as second-most significant employment hub after Delhi-NCR (national capital region) which remained on top with about 24 percent.
"However new job generation in Delhi-NCR plummeted by over five percent during the aforesaid period," Rawat said.
"Information technology (IT), IT enabled services (ITeS) and IT hardware sector accounted for a lion's share of 67 percent in the total new jobs generated in Bangalore as over 14,000 new jobs were created in Q2 as against over 10,600 new jobs generated in the sector in the previous quarter, over 30 percent quarter-over-quarter growth rate.
Among other tier I centres, registering quarter-over- quarter growth rate of over 11 percent and nine percent, respectively, are Mumbai (14,649 new jobs) and Chennai (8,786 new jobs). They have recorded a surge in job generation during the course of past three months, it said.
Kolkata has registered a decline of about two percent as over 6,400 new jobs were generated in Q2 as against 6,500 new jobs in Q1.
"With over 58,000 new jobs, IT, ITeS and IT hardware sector has garnered the highest share of over 42 percent in the new job generation...," it said.