City
Epaper

Hiring in India's pharma, IT, FMCG sectors saw growth in June: Report

By IANS | Updated: July 1, 2024 19:00 IST

New Delhi, July 1 Major sectors such as pharma/biotech (6 per cent), AI-ML (20 per cent) and fast-moving ...

Open in App

New Delhi, July 1 Major sectors such as pharma/biotech (6 per cent), AI-ML (20 per cent) and fast-moving consumer goods (FMCG) (12 per cent) showed positive growth in hiring activity in the month of June, a new report showed on Monday.

According to the Naukri JobSpeak Index, hiring in the pharma/biotech sector showed resilience, with notable growth in cities like Hyderabad (18 per cent), Baroda (27 per cent), and Mumbai (14 per cent).

Hiring was dominated by professionals with over 16 years of experience, contributing to a significant 58 per cent increase year-on-year.

"Gujarat, has been a silver lining in an otherwise turbulent market and it's now encouraging to see emerging cities in Rajasthan such as Jodhpur and Udaipur join the fray," said Dr Pawan Goyal, Chief Business Officer of Naukri.com.

In the IT sector, Jaipur (16 per cent), Kochi (6 per cent) and Delhi-NCR (4 per cent) emerged as bright spots.

Hiring in smaller startups was subdued while unicorns recorded an astonishing 30 per cent growth, according to the report.

Maintaining its momentum, the FMCG sector was buoyed by strong performances in Bengaluru (24 per cent), Delhi (23 per cent), and Mumbai (34 per cent).

While fresher hiring saw a marginal 3 per cent increase, professionals with over 16 years of experience saw a robust 41 per cent growth, the report mentioned.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUnion Minister Hardeep Puri holds talks with Brazililian officials on Indian investments

InternationalTrump says Israel accepted 'withdrawal line', ceasefire to be implemented post Hamas' nod

InternationalShops, businesses closed amid protests in PoJK

EntertainmentSara, Ibrahim bring fun and grace to their first ramp walk together for Abhinav Mishra

CricketHope Gill carries forward legacy of Virat, Rohit in ODIs: Harbhajan Singh

Business Realted Stories

BusinessBill Gates’ endorsement means India’s innovations hold great promise for Global South

BusinessBihar: Nitish Kumar lays Mother Dairy plant foundation in Munger

BusinessIndia's services and manufacturing exports offer untapped potential for foreign investors: World Bank Chief Economist

BusinessFrom ₹25,000 to $21 bn empire: VGRC celebrates legacy of Torrent Group founder late UN Mehta

BusinessIndia holds huge growth potential, says Tata Capital MD Rajiv Sabharwal