New job creation dips 19% in Abad: Assocham

Surat, Vadodara too see decline of 38% and 37% respectively

A recent study by industry body Assocham showed that new job generation in Ahmedabad has dipped by 19 per cent during the first quarter of 2013-14 on a year-on-year basis.

A total of over 3,100 new jobs were generated in Ahmedabad during the first quarter of the current financial year as against over 3,900 jobs in the first quarter of the last financial year, highlighted the Assocham analysis.

"Even Ahmedabads share in total number of new jobs generated across India has plummeted from over three per cent a year ago to just over 2.5 per cent, while Delhi-NCR (national capital region) has remainednumero unoin new job generation with maximum share of over 27 per cent compared to other cities across India, according to a sector-specific analysis titled 'Job Trends Across Cities & Sectors' conducted by the Associated Chambers of Commerce and Industry of India (Assocham).

With a share of over 29 per cent, the information technology (IT), information technology enabled services (ITeS) and hardware sector together accounted for maximum share in the new jobs generated across Ahmedabad followed by banking, financial services and insurance (BFSI) sector (18 per cent share), other manufacturing (nine per cent share), academics (six per cent share) and automobile, engineering and hospitality sector (each with four per cent share).

At the same time, sectors like retail, infrastructure, human resources (HR), fast moving consumer goods (FMCG) and others have lost their sheen with insignificant share in the new jobs generated across Ahmedabad.

Another major city of Gujarat, Surat has also seen massive decline of about 38 per cent in new job generation and accounts for less than 0.5 per cent share in total job generation in India during Q1 of FY14. New job generation in Vadodra has also declined by about 37 per cent and the city accounts for less than one per cent share in total new jobs generated across India. A total of over 125,500 new jobs were generated across India during the first quarter of the current financial year, said D S Rawat, national secretary general of Assocham while releasing the analysis.

"However, the new job generation growth in India during this period has declined marginally by about two per cent as over 127,700 new jobs were generated during the corresponding period last year," he added.

Amongst other cities, new job generation growth in Mumbai has also declined by a whopping 28 per cent during the aforesaid period, highlighted the Assocham analysis.

Kolkata, on the other hand, has seen a significant surge of over 19 per cent in the new job generation. While, Bangalore has seen a surge of about seven per cent.

The number of new jobs generated in Chennai has seen a huge decline of over 21 per cent from over 10,200 jobs in the first quarter of the previous financial year to just over 8,000 jobs in the current financial year.

"Though the hiring trend activity has put up a dismal show during the first quarter of the current financial year, the industry is hopeful that job market will pick up second quarter onwards," Rawat said.

In the tier II cities category, Lucknow has registered massive growth of over 58 per cent in number of new jobs generated during the Q1 of the current fiscal as against same period last year.

The Assocham team tracked the data on a daily basis for vacancies posted by over 3,000 companies on various job portals, advertisements in job supplements of national and regional dailies and news journals for 56 cities and 32 sectors offering employment opportunities across India.