India's White-Collar Hiring Sees 6% Growth in April
According to a recent report, India's white-collar hiring has experienced a 6% year-on-year growth in April, primarily driven by the insurance, BPO/ITeS, and real estate sectors.
The Naukri JobSpeak Index report, released on Friday, highlighted the following sectoral growth:
- Insurance: 21% year-on-year growth, leading the sectoral hiring
- BPO/ITES: 15% year-on-year growth, following closely behind
- Real Estate: 12% year-on-year growth, showing significant growth
- Healthcare: 11% year-on-year growth, with steady momentum
- Education: 9% year-on-year growth, with increasing demand
However, the report noted that certain sectors continue to decline. Telecom and banking sectors experienced a four-month decline, falling to 11% and 10%, respectively, in April. Additionally, IT, pharma, and auto sectors remained largely flat, while hiring in Global Capability Centres (GCC) saw a 4% dip in April.
Geographically, southern cities dominated the hiring trend, with:
- Hyderabad: 12% growth, leading the pack
- Bengaluru: 7% growth, showing steady momentum
- Chennai: 6% growth, with increasing demand
Delhi-NCR experienced modest single-digit growth at 3%, while Kolkata remained largely flat at 1%. Mumbai was the only major metro in negative territory, with a 3% decline.
Beyond the metros, emerging cities like Jaipur (12%), Coimbatore (11%), and Ahmedabad (7%) continued to post firm growth, underlining the spread of hiring demand into tier-II markets.
"Hiring activity continues to show steady momentum, with the Naukri JobSpeak Index recording a 6% year-on-year growth. Sectors such as insurance, real estate, and healthcare are driving this expansion, reflecting both structural demand and increased consumer activity."