Job generation drops by over 14.1 pc during October-March 2012-13: Assocham

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MUMBAI: New job generation across India has declined by 14.1 per cent during the second half of financial year 2012-13 as against the corresponding period last year, says a recent study by Assocham.

"India`s slowing economy and policy unpredictability had significantly slowed down the fresh investments and hurt job creation across the country," said a statement issued by the industry chamber.

According to a sector-specific analysis titled `Job Trends Across India in 2012-13, a total of over 5.38 lakh jobs were generated during FY 2012-13 across India with 2.65 lakh jobs getting generated in the first half and 2.73 lakh jobs during the second half of the financial year.

The job scenario for the second half of FY 2012-13 reveals that Delhi and National Capital Region (NCR) topped as the job generation center with over 66,000 jobs followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs). They made up the top five employment generating centres in India.

Sectorwise, Information technology (IT) ranked on top with 1.2 lakh jobs generated during the second half of FY 2012-13.

Academics and education ranked second with over 19,500 jobs generated followed by insurance (over 12,000 jobs), financial services (11,680), banking (11,675 jobs), automobile (11,290 jobs), manufacturing (10,670 jobs), engineering (9,835 jobs), and IT hardware (7,000 jobs).

In terms of growth, aviation sector has registered the highest new job generation growth of over 72% followed by HR (16.3%), academics and education sector (8.0%) and real estate (0.2%). The rest of the sectors registered negative growth rate that ranged from over 4 to 46 percent during the period.

The ASSOCHAM Economic Research Bureau (AERB) sourced their inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals and job-related advertisements in national and regional newspapers for about 56 cities and 32 sectors offering job opportunities.