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Hiring activity in India touched an all-time high in July | Business

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Aug 06, 2021, 09:26PM ISTSource: TOI.in

Witnessing a 11 per cent sequential increase, hiring activity in the country touched an all-time high in July, indicating a strong revival of economic growth and a recovery of business from the impact of Covid-19, a report said on Friday. With 2,625 job postings, hiring trends grew 11 per cent in July compared with 2,359 postings in June, the highest it has ever been, including the pre-Covid-19 timeline, according to the report by Naukri JobSpeak. The Indian job market has witnessed sequential growth for the second month in a row, with a 15 per cent rise in June, after the pandemic-linked decline in April and May, it stated. The Naukri JobSpeak is a monthly index that calculates and records hiring activity based on the job listings on Naukri.com website month-on-month. According to the report, as businesses continued to ride the wave of digitisation, the IT-software or software services sector maintained its growth momentum with an 18 per cent increase in July compared to June. Almost all sectors registered positive growth in July contributing to the 11 per cent growth in hiring activity, bringing cheer to job seekers, said the report.



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