Surge in Indian White-Collar Hiring: July Witnesses 12% Growth

India's white-collar hiring activity saw a 12% increase in July 2024 compared to the previous year, with notable growth in sectors like pharma/biotech, FMCG, real estate, and AI-ML. This positive trend was reported by the Naukri JobSpeak Index, indicating a potential upcycle in the job market.

India witnessed a significant 12% rise in white-collar hiring activity in July 2024, compared to the same period last year, as reported by the Naukri JobSpeak Index.

Most sectors showed impressive double-digit growths, with pharma/biotech, FMCG, real estate, and AI-ML leading the charge. The IT sector also rebounded with a 17% growth, adding to the overall positive outlook in the job market.

Gujarat continued its dominance with cities like Rajkot, Jamnagar, and Baroda showing substantial growth. Hyderabad emerged as a major job creation hub, especially in hospitality, insurance, BPO, and oil and gas sectors. Naukri's Chief Business Officer Pawan Goyal highlighted this as a promising sign for the financial year, potentially indicating an upcycle in the white-collar job market.

(With inputs from agencies.)