INDIA

Indicating labour market sluggishness, Naukri.com's job index slumped as much as six per cent in July as compared to the previous month.The monthly index reflects overall job demand. According to Naukri.com, indices for ITeS, construction and IT sectors declined 24 per cent, 14 per cent and 11 per cent, respectively, in July."Concerns of a global economic crunch and rising inflationary pressures are acting as a caution sign for India Inc. Therefore recruiters of some sectors are on a wait and watch mode." "This does not mean that companies have frozen hiring, but they are certainly not going overboard," Info Edge India's Managing Director and CEO Hitesh Oberoi said in a statement.Naukri.com is part of Info Edge. In July, hiring activities picked up in banking, auto and pharma sectors. "Among the key industry sectors, hiring activity has been upbeat for the Telecom sector where the index moved up by eight per cent in July 2011 over June 2011.In terms of cities, Delhi, Mumbai and Kolkata maintained steady hiring levels last month. During the same period, Bangalore, Chennai and Hyderabad saw recruitment level falling in the range of 9 to 19 per cent. [More]
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