Hiring activity witnessed a 3% sequential rise in India in the month of February while the demand for talent saw a 7% surge in comparison to February 2021, a report from job site Monster India has highlighted.
According to Monster Employment Index, a monthly comprehensive analysis of online job posting activity conducted by Monster India, the demand for roles in shipping/marine and production and manufacturing witnessed a 9% surge due to the announcement of the Maritime Vision 2030 and the renewed focus given to employment generation and expansion through the PLI scheme and PM GatiShakti
Further, the data from the report revealed that the demand remained steady for professionals across almost all levels of experience, which augurs well for the India economy. All cities monitored by the Index saw an uptick, it said.
Meanwhile, all 13 cities covered in the report saw an uptick in job postings with Delhi (13%) leading the charge, followed closely by Mumbai (8%), Ahmedabad (7%), Chennai (7%), Hyderabad (6%), Coimbatore (6%), Bengaluru (6%) and Jaipur (6%).
While January witnessed significant dips in hiring fearing shutdowns and restrictions, it is promising to see the revival of hiring across all cities, including Kolkata, which saw a 5% rise in hiring, said the report.
Baroda has also undergone a significant revival as compared to the previous month, registering a 5% increase in hiring demand during February.
"The Indian economy has successfully overcome the impact of the third wave of the pandemic with several industries and all cities showing recovery patterns, especially in travel and education in February," said Sekhar Garisa, CEO of Monster.com.
The economy has stabilised and it is also heartening to see the revival of industries such as shipping and manufacturing that have received a boost with the announcement of the Union Budget 2022-23, he added.
"The cities, too, have witnessed an upward trend in the demand for jobs and with the gradual opening of the economy, this is likely to continue," he added.