April-June saw a dip in job generation

Mumbai, July 2:There has been a considerable dip in the new job generation in the country, which declined by about 2 per cent to 1,25,500 jobs in the April- June quarter this fiscal. Mumbai witnessed a significant fall of 28 per cent in new employment opportunities, a study by industry body Assocham said on Wednesday.

"Delhi-NCR region on the other hand remained numero uno in new job generation with maximum share of over 27 per cent in total jobs, generated in the quarter compared to other cities," the study on ‘Job Trends Across Cities & Sectors' said. The study further added that Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter.

However, Delhi NCR and Kolkata projected a great show with growth of 16 per cent and 19 per cent respectively in the new job generation in the quarter.

A total of over 6,500 new jobs were generated in Kolkata in the first quarter this year, as against approximately 5,500 jobs in Q1 of the last financial year, it said.

"Even Mumbai's share in the total number of new jobs, generated across India, has plummeted from over 14 per cent a year ago to just over 10 per cent," the study said.

Bangalore, witnessed an increase of about 7 per cent in new job generation among other Tier 1 cities. However, Pune witnessed a decline of over 17 per cent in the new job generation.

"IT, ITeS and hardware, together comprised maximum sector-wise share of over 39 per cent in the total new jobs generated across across the country", Assocham national secretary general D S Rawat said.

He further added that the BFSI sector accounted for the second highest share of about 14 per cent, followed by academics at 11 per cent.

The IT and ITeS and hardware sector alone accounts for over half of the share in total number of about 8,500 jobs generated in the city in the first quarter of the financial year 2013-14.

"Overall, these numbers portray a dull job market, owing to on-going global economic slowdown," Rawat said. But, things are likely to look up in the next quarter with more numbers of hires, he confirmed.

The hiring trend in India might project a dismal picture in the first quarter of the current financial year, but its improvement can be expected in the second quarter, said a report published by the Associated Chambers of Commerce and Industry of India (Assocham).

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