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1.36 lakh new jobs generated during Q2 of FY'14: ASSOCHAM survey

By Religare
1.36 lakh new jobs generated during Q2 of FY'14: ASSOCHAM
The new job generation during the second quarter (July-September) of the current financial year (FY 2013-14) has surged by about nine per cent as against the previous quarter (April-June), apex industry body ASSOCHAM said on Sunday.

"A total of over 1.36 lakh new jobs were generated in various sectors across India during second quarter (Q2) of FY14 which increased from over 1.25 lakh new jobs that were generated during Q1 and top five metros viz., Bangalore, Chennai, Delhi-NCR, Kolkata and Mumbai together account for about 61 per cent of these new jobs," according to a sector-specific analysis on 'Job Trends Across Cities & Sectors,' conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

"Delhi-NCR (national capital region) remained on top with highest share of over 23.6 per cent in the new job generation across India, however new job generation in Delhi-NCR has plummeted by over five per cent during this period i.e. from over 34,200 jobs in Q1 to over 32,300 jobs in Q2," said D.S. Rawat, secretary general of ASSOCHAM while releasing the chamber's analysis.

Amid other tier I centres, Bangalore has ranked second with over 21,000 new jobs generated in the city during Q2 and the city has clocked a growth rate of over 12 per cent as over 18,700 new jobs were created in Bangalore in Q1. Besides, registering quarter-over-quarter growth rate of over 11 per cent and nine per cent, Mumbai (14,649 new jobs) and Chennai (8,786 new jobs) have recorded a surge in job generation during the course of past three months.

Kolkata has registered a decline of about two per cent as over 6,400 new jobs were generated in Q2 as against 6,500 new jobs in Q1, highlighted the ASSOCHAM analysis.

"With over 58,000 new jobs, information technology (IT), IT enabled services (ITeS) and IT hardware sector has garnered the highest share of over 42 per cent in the new job generation and the sector has clocked an overall growth rate of over 12 per cent in Q2 as the sector together had created over 49,500 new jobs in the previous quarter," said Mr Rawat. "The banking, financial services and insurance (BFSI) has ranked as second highest job generating sector with over 22,900 new jobs and the sector together has clocked a growth rate of over 32 per cent."


Construction and engineering sector together has generated over 7,200 new jobs and thereby registering a growth rate of over 10.5 per cent, highlighted the ASSOCHAM analysis.

Telecom, civil aviation, pharma and bio-technology, fast moving consumer goods (FMCG), energy, hospitality, advertising and event management, sports, merchandising, other manufacturing, automobile, research and consultancy are amid other significant sectors that have seen a surge in employment generation.

Read more about: assocham
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