Lucknow wears jobs crown but not at home
Meerut, Kanpur and Allahabad have fared better than Lucknow in employment generation during the first quarter of the current financial year, says an Assocham report.
Nevertheless, there is good news for the state capital which has emerged as the top employment generator among the tier-2 cities nationwide with 1,700 jobs (growth rate of 54%) in the first quarter of the current year against 1,100 in the last one of the previous year, the report of the Associated Chambers of Commerce and Industry of India (Assocham) added.
Meerut logged a growth rate of 133%, Allahabad 127% and Kanpur 124%. All three are tier-3 cities.
The report also said education, banking, insurance, financial services, event management, real estate, information technology (IT/ITeS), human resources, hospitality and fast moving consumer goods (FMCG) were the leading job generating sectors in the state.
DS Rawat, national secretary general of Assocham, said: "Although Uttar Pradesh accounts for 1.3% of overall job generation in India, it has emerged as the single-most (impressive) state with all its leading cities registering significant growth."
The report said there had also been a dip ranging between 14% and 33% across eight metros - Ahmedabad, Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune.
Information technology (IT) and information technology enabled services (ITeS), education, banking, financial services and insurance (BFSI) and automobiles were the top five sectors creating maximum jobs across India.
Apart from education, which has seen a surge of over 41%, the rest of the sectors have seen a dip between 6% and 31% during the course of the last two quarters.
"India has registered a dip of about 20% in the total job generation during the aforesaid period which showcases a clear slowdown in employment," said Rawat.
"This reinforces the picture that employers in India are turning very cautious in wake of the global economic slowdown which has also led to a sharp decline in attrition levels at India Inc," he added.
According to the report, Delhi-NCR generated over 29,000 jobs, while over 1.2 lakh jobs were generated across India during the first quarter of the current financial year.
Besides, Delhi-NCR (tier I) with a share of about 23% has also generated maximum jobs across different sectors throughout India and in the metros during the last two quarters.