Job generation drops by over 14.1%: ASSOCHAM

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Job generation drops by over 14.1%: ASSOCHAM
Along with the sluggish economic growth rate, the new job generation has declined by 14.1 percent during the second half of financial year 2012-13 as against the corresponding period last year across India.

"India's slowing economy and policy unpredictability had significantly slowed down the fresh investments and hurt job creation across the country", according to the just concluded study undertaken by ASSOCHAM.

The job scenario for the second half of the financial year 2012-13 reveals that Delhi and National Capital Region (NCR) topped as the job generation center with over 66,000 jobs followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs) to round-up the list of top five employment generating centre's in India.

Sectorwise, Information technology (IT) ranked on top with 1.2 lakh jobs generated during the second half of the financial year 2012-13 across the country.

In terms of growth, aviation sector has registered the highest new job generation growth of over 72 per cent followed by HR (16.3 per cent), academics and education sector (8.0 percent) and real estate (0.2 per cent). Whereas, the rest of the sectors registered negative growth rate that ranged from over 4 to 46 percent during the period.

The study has observed that IT/Enabled sector is the leading new jobs generating sector among the tier I cities but barring Delhi/NCR and Hyderabad the IT/Enabled sector's new job generation has slowed down in all other Tier I cities during the second half of 2012-13.

Read more about: economy, assocham
Story first published: Monday, April 1, 2013, 14:43 [IST]
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