Hiring activity picks up by 1.3%

India Inc's hiring activity picked up by 1.3 percent in July with improvement in recruitment in IT, real estate and retail sectors, says a survey by job portal Naukri.com.

The Naukri's monthly 'JobSpeak index' continued to move upwards and edged up by 1.3 percent to727 in July compared to 718 in June.

On a three monthly moving average, the index inched up from 686 in June to 703 in July with industries including real estate, semiconductors, banking, auto and IT, witnessing an improvement, the survey said.

"The uptrend over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, real estate, retail and auto, echoes optimism. However, continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring," Info Edge, owner of naukri.com, National Head Marketing and Communications Sumeet Singh said.

In June, the hiring activity had increased 8.1 percent over the previous month.

Recruitment activity in the IT industry remained in the green with hiring up by four per cent in IT-software, seven per cent up in IT-hardware and networking and three per cent up in ITeS and BPO.

Courtesy: Zeenews.com