Online recruitment activity in the April-June quarter registered a 5 per cent increase over the year ago-period, primarily driven by strong economic growth and policy reforms, says a report. According to the Monster Employment Index, during the April-June quarter the production and manufacturing sector exhibited 53 per cent growth vis-a-vis last year.
“This trend can be attributed to positive impact of reforms such as the Goods and Services Tax (GST), as also portrayed in a 7.7 per cent GDP growth in the first quarter of 2018, solidifying our position as one of the fastest growing major economies,” said Abhijeet Mukherjee, CEO, Monster.com – APAC & Gulf. The report further said though the telecom/ISP sector has recorded a growth of 22 per cent in the April-June quarter, on a month-on-month basis, it has eased from 28 per cent in April 2018 to 21 per cent in May and down to 17 per cent in June 2018.
“Telecom sector is treading with caution as recent developments have resulted in layoffs and job losses and all eyes are on the new-telecom policy expected in 2018 to be a shot in the arm for the sector’s health,” Mukherjee added. The report further noted that media and entertainment (up 33 per cent), home appliances (up 37 per cent) and retail (up 21 per cent) remained active sectors despite moderation in pace.
Moreover, banking/financial services, insurance (up 18 per cent) maintained an up-trend in the April-June quarter. In terms of cities, the highest growth was seen in Jaipur (up 20 per cent), followed by Chandigarh (18 per cent) and Kolkata ( 15 per cent), the report said.