DELHI-NCR LEADING IN JOB CREATION

Thesynergyonline Economic Bureau

NEW DELHI, SEPTEMBER 18 :
THE National Capital Region (Delhi-NCR) has emerged as the fastest job generating city among the four major metropolitan cities in India by fuelling a growth of 34.27 per cent in employment generation during the April-August period of the current fiscal over the corresponding period of last year, as per the study undertaken by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The Assocham Placement Pattern (APP) study on “Job Trends in the Four Metros” analyzed the trend of job openings in 60 cities and 32 sectors from a sample of 2,40,314 employment opportunities generated during the period April-August 2010. The focus of the study is on the four major Metropolitan cities; Delhi (NCR), Mumbai, Chennai and Kolkata of India which recorded a share of 57.22 per cent in total job creation out of the total sample size.
As per the study undertaken by Assocham Research Bureau, NCR has the major share of 34.20 per cent as the most prominent employment destination for the aspirants. It was followed by Mumbai (12.70 per cent), Chennai (6.12 per cent) and Kolkata (4.19 per cent) at second, third and fourth positions respectively during April-August 2010.

“The job creation is happening at all levels including senior, middle & junior management and executives. Even in the engineering and management colleges the campus placement trends are positive as compare to the last year trends. Companies are back in campus with a cautiously optimistic approach and the same pattern of growth is expected to continue for another next 6 months”, said Mr D S Rawat, Secretary General, ASSOCHAM.

National capital Region (NCR) recorded a growth of 34.27 percent during April-August 2010 as compared to the same period of last fiscal with increase in total share of 34.20 percent as compare to 32.35 percent last year. Agriculture and allied services sector on top in creating jobs in NCR and shows a growth of 314.29 percent from the same period last year. Textile (159.83 percent) and Real Estate (158.51 percent) remains on second and third position in providing jobs to job seekers respectively.

The Infrastructure and Aviation sectors are ranked fourth and fifth constituting 147.41 percent and 146.49 percent of the total vacancies offered during the period April-August 2010, added Mr. Rawat.

Mumbai and Chennai are ranked second and third constituting 12.70 per cent and 6.12 per cent of the total vacancies offered. The next in line is Kolkata with a share of 4.19 percent in generating employment opportunities.
Academics emerged as the largest share of the vacancies posted in the metro cities for teachers and professors in schools, universities and private institutes (engineering and management). Almost 59.47 per cent of the openings publicized in last five months belonged to the education sector.

IT sector which created maximum number of jobs constituting 57.39 per cent of the total sample of four metros, despite the dip in the Earnings before interest, tax, depreciation and amortization (EBIDTA) margins or operating margins of the top IT companies in the recent quarters largely because of the spurt in wage inflation and low demand in the European countries.
The IT and IT-enabled services accounted for 57.07 per cent of the total job openings, followed by IT/Hardware sector which have contributed 54.93 percent of overall openings in four metro cities.

The number of job openings in the segment remained buoyant on account of a rise in the engineering goods and other activities of different projects running under progress in NCR in view of Common Wealth Games. The engineering segment has the share of 54.29 percent in the total employment generation in the sector.

With a contribution of around 53.71 percent in the job openings, manufacturing sector found a highly skewed distribution of the new job openings in the metros. Impressive recovery in the export/import activities in India is also the reason which grows the job activities in manufacturing sector.

On the other hand, Telecom, FMCG, Banking and Logistics sectors recorded marginal decline in job creation during the analyzed period.

 

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