Six UP cities post 39% employment growth
Six major cities in Uttar Pradesh have clocked an average growth of over 39% in new job generation in the first quarter (Q1) of the current financial year.lucknow Updated: Aug 20, 2013 10:50 IST
Six major cities in Uttar Pradesh have clocked an average growth of over 39% in new job generation in the first quarter (Q1) of the current financial year (FY) 2013-14, apex industry body Assocham said in a statement on Monday.
The first quarter corresponds to the April-June period.
The research bureau of the Associated Chambers of Commerce and Industry of India (Assocham) carried out the analysis in six cities - Agra, Allahabad, Aligarh, Lucknow, Kanpur and Meerut. The analysis revealed that new jobs in these cities were primarily generated in the education and services sectors.
A total of about 5,230 new jobs were generated across these cities in Q1 of the current financial year as against over 3,750 new jobs in the corresponding period the last year.
“This authenticates and substantiates the fact that companies today are moving to tier-2 and tier-3 cities to attract talent, cut operational expenses and remain competitive,” the report said.
“With over 2690 new jobs generated in Lucknow alone, the state capital has garnered the maximum share of over 51% in the total number of new jobs followed by Meerut which accounts for about 16% with over 830 new jobs generated,” said DS Rawat, national secretary general of Assocham while releasing the chamber’s analysis.
“The industrial town of Kanpur followed by Allahabad, Agra and Aligarh accounted for a share of about 13%, 10%, 7% and 3% respectively in the new job generation across the top cities of UP.”
Lucknow and Kanpur have clocked year-on-year (Y-o-Y) growth rate of over 58% and 53% respectively.
The Assocham team tracked the data on a daily basis for vacancies posted by over 3,000 companies on various job portals, advertisements in job supplements of national and regional dailies and news journals for 56 cities and 32 sectors offering employment opportunities.
The academics and education sector has garnered the maximum share in new job generation across these cities with about 2,340 new jobs in the sector.
Besides, creating about 1,490 new jobs in the academics and education sector, Lucknow has accounted for about 64% share.
The banking, financial services and insurance (BFSI) sector has ranked second with over 1,030 jobs generated across the state.
Lucknow generated over 360 of the jobs in the sector followed by Kanpur (214 jobs).
The information technology (IT), information technology enabled services (ITeS), including hardware, created about 300 jobs followed by auto sector (220 jobs), fast moving consumer goods (FMCG) (160 jobs) and real estate (125 jobs).
In Lucknow, the IT/ITeS and hardware sectors together generated over 130 new jobs followed by auto (over 125 jobs) and real estate (over 100 jobs).
“A total of over 1,25,500 new jobs were generated across India during the aforesaid period. However, the new job generation growth has declined by about 2% (across the country) as over 1,27,700 new jobs were generated in Q1 of last financial year,” said Rawat.
“The IT, ITeS and hardware together have garnered maximum sector-wise share of over 39% in the total new jobs generated across India followed by BFSI sector (14%) and academics & education (11%).”
Of the top five cities across India, Delhi-NCR has garnered the maximum share of over 27% registering a growth of over 16% in new job generation.
While Kolkata and Bangalore have registered an increase in job generation, Chennai has seen a massive decline of about 21% in new job generation.
In the tier-II category, apart from Lucknow and Kanpur, Kochi has seen over 45% growth followed by Nagpur (27%), Gandhinagar (17%) and Jaipur (16%).
Surat (38%), Pune (17%), Indore (23%) and Bhopal (12%) have seen a significant decline in job creation.
In the tier- 3 category, Bhubaneswar has seen a maximum surge of over 37% in the new job generation followed by Raipur (32%), Meerut (21%) and Ranchi (10%).
While the tier-3 cities of Guwahati (48%), Vadodra (37%), Patna (29%) and Amritsar (21%) have seen a dip in job generation.