Job generation plummets by 21% between Jan-Dec 15: Assocham
Amid sluggish growth, new job creation between January - December 15 this year fell by over 21% to 5.3 lakh jobs in the country, according to report by industry body Assocham.business Updated: Dec 25, 2012 20:00 IST
Amid sluggish growth, new job creation between January - December 15 this year fell by over 21% to 5.3 lakh jobs in the country, according to report by industry body Assocham.
"Job generation saw a decline of over 21% in the new job generation in various sectors of the economy between January-December mid across India," Assocham said in a release issued in Mumbai.
A total of over 5.3 lakh jobs were generated during the aforesaid period across India -- over 2.8 lakh jobs in first half of the year and over 2.4 lakh jobs during July-December 15, according to a sector specific analysis titled 'Job Trends Across India in 2012' released by the Associated Chambers of Commerce and Industry (Assocham).
Delhi and NCR led the metros in terms of job creation.
"Delhi and National Capital Region (NCR) topped as over 1.1 lakh jobs have been generated between January 1-December 15, 2012 followed by Mumbai (over 77,000 jobs), Bangalore (over 75,000 jobs), Chennai (over 44,000 jobs) and least number of jobs were generated in Kolkata (over 25,000 jobs) amid the top five metro centres," Assocham secretary general DS Rawat said.
Information technology (IT) ranked on top with over 2.1 lakh jobs generated between January-December 15.
Academics and education ranked second with over 34,500 jobs generated in the sector, followed by insurance (over 27,100 jobs), banking (24,500), automobile (22,890), financial services (22,500), manufacturing (20,400), engineering (18,650), hospitality (16,100) and IT hardware (15,600) were other leading job generating sectors in India.
The Assocham Research Bureau (ARB) said it sourced inputs from data tracked on a daily basis for vacancies posted by about 4,000 companies through various portals and job related advertisements published in national and regional newspapers for about 56 cities and 32 sectors offering job opportunities.
Only academics and education sector registered an upward spiralling job generation growth of over 16% in the first six months of the current year.
Job generation growth dipped by over 10-50% in the remaining sectors during this period, the report said.
Meanwhile, the aviation sector also registered a job generation growth rate of over 78% in the latter half till December 15, 2012, followed by sports (41%) and retail (6%).
The rest of the sectors registered a dip in job generation ranging over one to 46% during this period.
In Delhi, telecom sector generated maximum employment opportunities with over 53,000 jobs followed by IT (over 11,000 jobs), hospitality, manufacturing, architecture, infrastructure, textile, banking, real estate and gems and jewellery.
The job generation growth in the first half of the current year was maximum in Bangalore as the city generated about 41,500 jobs against 8,600 jobs that were generated in the last six months of 2011, thereby registering a growth of over 381%.
It declined in most of the cities in the latter half of the on-going year.
Kochi registered highest job generation growth of over 30% as the number of jobs increased from over 1,500 in January-June this year to over 2,000 between July-December 15, the report said.
The Assocham report shows that job market has slightly recovered during the course of last six months as the employment generation growth rate declined by about 15% between July-December 15, while the job generation growth in India declined by over 25% during the first six months of the year, Rawat added.