Bringing cheer to the job market, hiring activity has seen a 27 per cent increase in May 2016 over the same month last year, a survey said.
According to a survey by jobs portal Naukri, sustained growth in IT-software and ITES during the year led to an impressive hiring sentiment for these sectors.
However, telecom reported a negative sentiment year-on-year for May 2016 and real estate posted a decline of 6 per cent.
V Suresh, Chief Sales Officer, Naukri.com, said, “The job market continues to head north. Though IT/ITES/BPO sectors have been leading the growth for the past few quarters, sectors like pharma/biotech and insurance seem to show growth over the past few months.”
Interestingly, after a long period of negative sentiment, oil and gas has fared well with 5 per cent growth in recruitment.
The demand for professionals in IT-Software and ITES sectors witnessed 33 per cent and 49 per cent growth.
Meanwhile, the demand for Sales & Business Development and Accounts professionals went up by 19 per cent and 22 per cent respectively.
Pharmaceutical and biotech professionals witnessed an increase of 25 per cent, the survey said.
Among the metros, Delhi/NCR reported saw a hiring growth of 58 per cent, while Mumbai and Bengaluru continued to grow with 41 per cent and 35 per cent growth.