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2013-08-03

Delhi NCR posts maximum jobs in Q1-FY14

Delhi NCR region has created maximum number of jobs in the country during the first quarter of the current financial year, generating over 34,000 new jobs, an Assocham study said today.

Delhi NCR region has created maximum number of jobs in the country during the first quarter of the current financial year, generating over 34,000 new jobs, an Assocham study said today.

 

“Among top metro cities across the country, Delhi-NCR remained numero uno in new job generation with maximum share of over 27 per cent. Kolkata witnessed a 19 per cent surge in job creation followed by Bangalore with seven per cent,” said the study.

 

“A total of 1,25,500 new jobs were generated across India during the first quarter of the current financial year,” it added.

 

However, Chennai witnessed a 21 per cent decline in creation of jobs during the first quarter mainly due to closure of small scale industries.

 

“A total of over 8,000 new jobs were generated in the city during the first quarter of this financial year as against 10,200 jobs created during the corresponding period of previous year," the study Job Trends Across Cities and Sectors said.

 

According to D S Rawat, National Secretary General, Assocham, one of the main reasons behind the dismal job scenario is closure of 25 per cent of SME, mainly due to severe power shortage.

 

“The hiring activity across sectors is likely to remain subdued even during the second quarter of the current financial year as uncertain economic conditions are likely to persist. But, the industry is hopeful that the job market will pick up by the end of second quarter,” he added.

 

Jobs created in IT and ITES lead the hiring activity in city followed by banking, financial services, telecom, insurance and Human Resource, the study said.

 

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