Naukri Job Speak Index for Chennai gains 11%

The annual comparison shows IT software maintained its growth curve with index moving up by 34%

The Naukri Job Speak Index of Chennai for November 2013 grew around two per cent, a marginal growth when compared to the index value in the previous month. However, when compared with the same period last year (Nov 2012), the index showed a double digit growth of 11 per cent.

In the industries segment, the auto sector is facing a rough patch with index moving down by nine per cent and annual comparison also reflects the same trend with index moving down by 18 per cent in November 2013 over November 2012.

V Suresh, business head, Naukri.com, commented the auto capital of India is experiencing rough headwinds since the sector has hit a rough patch. However, as Chennai has a strong presence in IT and ITeS sector, we expect it to shore up the state of hiring in the city.  "We anticipate hiring activity across the sectors to pick up in Chennai since the country's economy was showing signs of recovery along with an expected progress in the US job market," said Suresh.

Industry sector analysis
The IT software sector has seen an increase with the index moving higher by 10 per cent in November 2013, as compared to October. Annual comparison also reflects the same growth with the index moving up by 37 per cent in November 13 over November 2012. In terms of decline, BPO sector has seen a dip with the index moving down by 17 per cent this month, while on an annual basis, the Naukri Job Speak Index has moved up by 190 %.

Functional area analysis
The demand for professionals working in IT software continues to grow with the index gaining eight per cent in November 2013 as compared to October 2013. Apart from this, professionals working in areas of project management and engineering design are also witnessing an increase in demand with the index moving up by six per cent and five per cent respectively.  

The annual comparison shows that IT software maintained its growth curve with index moving up by 34 per cent.