Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

November sees moderate rise in hiring numbers: Naukri.com

Dec 10 2013, 14:25 IST
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'Indian economy is currently poised on cusp of change since elections are around the corner.' (AP) 'Indian economy is currently poised on cusp of change since elections are around the corner.' (AP)
Summary'Indian economy is currently poised on cusp of change since elections are around the corner.'

Recruitment activity witnessed a moderate increase in November and industry wise hiring sentiment was positive but weak during the period.

The Naukri Job Speak Index - which tracks monthly hiring activities online -- stood at 1,300 showing a 1 per cent growth in hiring, when compared to October 2013.

Industry wise hiring sentiment was positive but weak except in IT-Software which has seen an upward trend with the index moving up by 10 per cent in November when compared to October.

On a year-on-year basis, however, the hiring activity rose 16 per cent in November as compared to the same period a year ago, job portal Naukri.com said.

"Indian economy is currently poised on the cusp of change since general elections are around the corner," Info Edge (India) Group President Finance and CFO Ambarish Raghuvanshi said.

Info Edge (India) owns job portal naukri.com.

Raghuvanshi further added that the Naukri Job Speak Index has moved up in the past two months which points to better hiring outlook in 2014.

"Global companies are now looking at India as a core growth market since India has morphed into the talent powerhouse with the emergence of new technologies and business models. We are bullish on hiring in India next year," he said.

A sector-wise analysis shows that the IT-Software space continues to experience growth with the Naukri Job Speak Index moving up by 10 per cent month-on-month.

Oil and gas and banking are also seeing positive growth with the index up by 6 per cent and 4 per cent respectively. On the other hand sectors like BPO and auto are facing a dip with the index moving down by 17 per cent and 9 per cent month-on-month in November.

In terms of demand for professionals, those working in IT Software continued to grow with the index moving up by 8 per cent in November as compared to October, followed by professionals working in areas of project management (6 per cent) and engineering design (5 per cent).

Among all metros, Bangalore and Chennai have seen modest growth with the index moving up by 7 per cent and 2 per cent respectively. In terms of decrease, Delhi-NCR and Mumbai have observed a decline of 2 per cent month on month, the report said.

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