New job generation in the Delhi-National Capital Region (NCR) declined by 5% in the quarter ended September while it grew 12.3% in Bangalore, making it the second most significant employment hub in India, according to an analysis by industry body Associated Chambers of Commerce and Industry (Assocham).
While Delhi-NCR still retained the top slot with 24% of the 1.36 lakh new jobs generated across India during the quarter, Bangalore accounted for 15%.
The report said Mumbai grew 11% by adding 14,649 jobs and Chennai grew 9% with 8,786 new jobs while Kolkata registered a decline of 2% with 6,400 job opportunities. Among the tier-1 centres that grew at a fast pace were Pune with a 40% increase in job generation, Ahmedabad (31%), Surat (24%) and Hyderabad (16.5%).
Nearly two thirds of the jobs generated in Bangalore were in the IT, IT-enabled services (ITeS) and hardware sector. “With over 21,000 new job opportunities created in various sectors across Bangalore during the second quarter of FY14, the new job generation in the city has increased significantly from over 18,700 new jobs generated during the first quarter,” said Assocham in a release. The IT-ITES and IT hardware sector accounted for 14,000 new jobs in Bangalore against 10,600 new jobs generated in the sector in the previous quarter, registering a quarter-on-quarter growth of over 30%.
The sector was also the highest employment generator in the country with more than 58,000 new jobs that represents over 42% of the total new job generation, clocking an overall growth rate of over 12% in the second quarter. The sector had created over 49,500 new jobs in the previous quarter. Banking, financial services and insurance (BFSI) was ranked as the second-highest job generating sector with over 22,900 new jobs and the sector together has clocked a growth rate of over 32%, it said.
Assocham said its team tracked data on a daily basis for vacancies posted by over 3,000 companies on various job portals, advertisements in job supplements of national and regional dailies and news journals for 56 cities and 32 sectors offering employment opportunities across India. At least 61% of the jobs were created in the top five metros, it said. The sector-specific analysis on job trends said that a total of 1.25 lakh new jobs had been created across the country during the previous quarter.