In March, India saw a significant 16% year-on-year growth in hiring activity, driven by the easing of travel restrictions and increased business momentum. This growth was reported by Naukri.com, an online job portal, highlighting the overall economic recovery in the country.
The travel and hospitality sector experienced the highest growth, with an 82% increase, marking a strong rebound since the relaxation of travel restrictions. Other key sectors also showed positive hiring trends:
In contrast, the oil and gas sector saw a slight decline of 6% compared to the previous year.
The Naukri JobSpeak Index, which measures hiring activity based on job listings on Naukri.com, reached 2832 at the end of the financial year, indicating steady growth in India’s hiring landscape. The index reflects data from over 76,000 clients and provides a comprehensive view of the employment market.
Pawan Goyal, Chief Business Officer at Naukri.com, commented on the positive trends, noting that sectors hardest hit by the pandemic, like travel and hospitality, are now showing strong signs of recovery. He expressed optimism about the continued demand for talent in the coming months, supported by the overall economic recovery.
Demand for professionals across various experience levels remained strong in March. The highest growth was observed in the segment of professionals with 16 years or more experience, which saw a 23% increase. Other experience bands also experienced growth:
These trends indicate a broad-based recovery and a diverse demand for talent across experience levels in India’s job market.
