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Delhi fastest job generating among four metros: Assocham

Staff Reporter

NCR 34.20 %, Mumbai 12.70 % , Chennai 6.12 % and Kolkata 4.19 %

NEW DELHI: The National Capital Region has emerged as the fastest job generating city among the four major metropolitan cities in the country 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 last year, according to the Associated Chambers of Commerce and Industry of India.

The Assocham Placement Pattern study on “Job Trends in the Four Metros” analysed 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 this year. Delhi (NCR), Mumbai, Chennai and Kolkata, with a share of 57.22 per cent in the sample size, was the focus of the study.

According to the study undertaken by Assocham Research Bureau, NCR with 34.20 per cent was 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 and junior management and executives. Even in the engineering and management colleges, the campus placement trends are positive compared 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 ASSOCHAM secretary general D. S. Rawat.

NCR recorded a growth of 34.27 per cent during April-August 2010 compared to the same period of last fiscal with increase in total share of 34.20 per cent compared to 32.35 per cent last year. Agriculture and allied services sector are on top in creating jobs in the NCR and show a growth of 314.29 per cent from the same period last year. Textile (159.83 per cent) and real estate (158.51 per cent) are on second and third position respectively.

The infrastructure and aviation sectors are ranked fourth and fifth constituting 147.41 per cent and 146.49 per cent of the total vacancies offered during the period April-August 2010, added Mr. Rawat.

Mumbai and Chennai are ranked second and third with 12.70 per cent and 6.12 per cent of the total vacancies offered. Next in line is Kolkata with a share of 4.19 per cent 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 publicised in last five months belonged to the education sector.

The IT sector created maximum number of jobs constituting 57.39 per cent in four metros despite the dip in the earnings before interest, tax, depreciation and operating margins of the top IT companies. This was largely due to the spurt in wage inflation and low demand in 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 contributed 54.93 per cent of overall openings in four 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 the Games.

The engineering segment has the share of 54.29 per cent in the total employment generation in the sector.

With a contribution of around 53.71 per cent in job openings, the manufacturing sector found a highly skewed distribution of the new job openings in the metros. On the other hand, telecom, banking and logistics sectors recorded marginal decline during the analysed period.

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