Job market showing signs of recovery: Naukri.com

Written by Agencies | New Delhi | Updated: Sep 18 2009, 20:44pm hrs
With the economy showing signs of recovery, job market is also picking up and hiring is set to pick up pace, a senior official of a job portal said.

"The market is improving and we expect the coming quarters to be better," Naukri.com founder and Chief Executive Officer Sanjeev Bikhchandani said on the sidelines of TiEcon Delhi conference.

He said that though there are signs of recovery, the growth in hiring by the IT sector is still delayed.

Bikhchandani, however, declined to divulge any percentage figures.

Talking about other sectors, he said, "Retail will take more time to pick up and see some growth."

India Inc's hiring activity, which has been on the path of revival, slowed down in August and dropped 3.6 per cent as compared to the previous month, a report by job portal Naukri.com said.

Naukri.com, in its monthly Job Speak index for August, said hiring has dropped 3.6 per cent as compared to the previous month.

The three-month moving average index indicated a positive trend and had inched up by 1.7 per cent in August as compared to July.