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Monster Employment Index India Edges 60% Above Year-Ago Level

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According to the Monster Employment Index India, there has been a 60% growth in online recruitment, increasing from 32% in August. Hiring activity has been led by the production and manufacturing sectors. Banking. financial services, and insurance was second in terms of online opportunities year-on-year, and the long-term growth momentum improved by 11 percentage points between September and October 2015.

“Industry wise, the hiring activity was led by production and manufacturing, which has more than doubled in the past one year with a 112% growth in opportunities year-on-year, making it the steepest among industries. This growth therefore complements the focus towards building the manufacturing space in the country. The long-term growth momentum between September and October improved by 11 percentage points. This may be attributed to the proposed transformation in reforms such as ease of doing business, and therefore encouraging more FDI,” said Sanjay Modi, managing director, Monster.com (India, Middle East, South East Asia, and Hong Kong).

SOURCE: articles.economictimes.indiatimes.com