2012: Job generation plummets by over 21pc
2012 saw a decline to the extent of over 21 per cent in the new job generation in various sectors of the economy between January-December mid across India, according to the analysis carried out by apex industry body ASSOCHAM.
"A total of over 5.3 lakh jobs were generated during the aforesaid period across India i.e. over 2.8 lakh jobs in first half of the year and over 2.4 lakh jobs during July-December 15," according to a sector specific analysis titled 'Job Trends Across India in 2012' released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM Research Bureau (ARB) sourced their inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals like timesjobs.com, naukari.com, monster.com, shine.com and job related advertisements published in national and regional newspapers for about 56 cities and 32 sectors offering job opportunities.
"Delhi and National Capital Region (NCR) topped as over 1.1 lakh jobs have been generated between January 1-December 15, 2012 followed by Mumbai (over 77,000 jobs), Bangalore (over 75,000 jobs), Chennai (over 44,000 jobs) and least number of jobs were generated in Kolkata (over 25,000 jobs) amid the top five metro centres," said D.S. Rawat, secretary general of ASSOCHAM while releasing the findings of the chamber's analysis.
Information technology (IT) ranked on top with over 2.1 lakh jobs generated in the sector between January-December 15, 2012 across the country.
Academics and education ranked second with over 34,500 jobs generated in the sector followed by insurance (over 27,100 jobs), banking (24,500), automobile (22,890), financial services (22,500), manufacturing (20,400), engineering (18,650), hospitality (16,100) and IT hardware (15,600) are other leading job generating sectors in India.
Interestingly, only academics and education sector registered an upward spiraling job generation growth of over 16 per cent in the first six months of the current year. While the job generation growth dipped by over 10-50 per cent in the remaining sectors during this period.
According to the ASSOCHAM analysis, aviation sector registered a job generation growth rate of over 78 per cent in the later half till December 15, 2012 followed by sports (41 per cent) and retail (six per cent). While rest of the sectors registered a dip in job generation ranging over one to 46 per cent during this period.
In Delhi, telecom sector generated maximum employment opportunities with over 53,000 jobs followed by IT (over 11,000 jobs), hospitality, manufacturing, architecture, infrastructure, textile, banking, real estate and gems and jewellery.
The job generation growth in the first half of the current year was maximum in Bangalore as the city generated about 41,500 jobs between January-June 2012 as against 8,600 jobs that were generated in the last six months of 2011 thereby registering a growth of over 381 per cent.
Mumbai (259 per cent), Hyderabad (114 per cent), Ahmedabad (93 per cent), Chennai (81 per cent), Jaipur (33 per cent), Lucknow (12 per cent) and Coimbatore (six per cent) were other cities that registered growth in job generation during the first half of the year.
While, the job generation declined in most of the cities in the later half of the on-going year, Kochi registered highest job generation growth of over 30 per cent as the number of jobs increased from over 1,500 in January-June this year to over 2,000 between July-December 15.
Agra (14 per cent), Ajmer (12 per cent), Udaipur (10 per cent), Kota (seven per cent), Kanpur (five per cent), Vellore (five per cent) and Jalandhar (four per cent) were other cities that registered upward spiraling growth of job generation during this period.
"The ASSOCHAM analysis shows that job market has slightly recovered during the course of last six months as the employment generation growth rate declined by about 15 per cent between July-December 15 while the job generation growth in India declined by over 25 per cent during the first six months of the year," said Rawat.
"This is change is presumably due to slew of positive steps taken by the government during this period."