Job Growth

White collar hiring dips 9% in October amid festive slowdown: Report

The white-collar hiring activity in October declined 9 per cent year-on-year as the Diwali-Dussehra festive holidays temporarily impacted recruitment momentum, a report said on Monday. India's white-collar hiring activity eased in October as the Diwali-Dussehra festive cluster temporarily slowed recruitment momentum, according to the Naukri JobSpeak Index report. The Naukri JobSpeak is a monthly Index representing the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. While the festive season led to a broad-based slowdown, sectors such as Accounting and Finance (15 per cent), Education (13 per cent), and BPO/ITES (6 per cent) defied the trend with positive growth, it stated. The growth in hiring in the education sector was propelled by fresher and startup hiring and this momentum was geographically widespread, with major contributions from Hyderabad (47 per cent), Chennai (34 per cent), and ..

The battle to switch off as hours on the job grow across key states

The Right to Disconnect Bill in Kerala seeks to safeguard employees' after-hours rest, even as states like Maharashtra, Telangana, and Odisha extend maximum work hours. Shine Jacob explains

Maharashtra signs MoUs worth ₹80,962 cr for industrial projects, 40k jobs

The Maharashtra government on Friday signed nine memoranda of understanding (MoUs) with various companies for a total investment of Rs 80,962 crore, officials said. The projects envisaged under these MoUs are expected to create more than 40,300 jobs, they said. The agreements were signed at the Steel Mahakumbh organised by AIFA in Goregaon, Mumbai, in the presence of Chief Minister Devendra Fadnavis, Union Minister Pralhad Joshi and state industries Minister Uday Samant. The projects will come up in Gadchiroli, Chandrapur, Nagpur, Wardha, Raigad, Chhatrapati Sambhajinagar and Satara districts, said a statement from the CM's office. Among the major investments, Rashmi Metallurgical Industries will set up an integrated steel plant in Wardha with a capital outlay of Rs 25,000 crore, which is expected to generate 12,000 jobs. In Raigad, Jindal Stainless Ltd will establish a stainless steel plant worth Rs 41,580 crore, creating around 15,500 jobs, the statement said. In Chhatrapati ...

BFSI sector to add 250K jobs by 2030, focus on tier II, III cities: Report

India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment. "The heartland of India is emerging as a powerful engine of talent demand in the BFSI sector, with nearly 48 per cent of new roles now originating from tier II and III cities," workforce solutions provider Adecco India said in a report. The first half of FY25 saw a 27 per cent increase in hiring activity compared to the corresponding period of the previous year, signalling strong momentum across frontline, digital, and compliance functions, according to the report. Candidates with local language proficiency and grassroots sales experience are now 2.5 times more likely to be shortlisted and command 10

Ctrl+Alt+Reboot: Artificial intelligence rewriting jobs, not ending them

A Naukri.com survey finds most Indian job seekers are more curious than anxious about AI

Indian hospitality industry protected from AI but needs massive manpower

Hotel chains have partnered with reputed hospitality institutes, participate in campus placement drives but to bridge the talent gap

Gen Z, millennials prioritise learning, growth in career choices: Survey

As the workplace continues to evolve with automation, GenAI, and changing expectations, a Deloitte survey on Thursday revealed that career progression and learning opportunities are among the top factors driving job decisions of India's young workforce. "India's Gen Zs and millennials are not just adapting to the future of work, they're shaping it. With 85 per cent engaged in weekly upskilling and a strong preference for on-the-job learning, they're building agile, purpose-driven careers aligned with technologies like GenAI," says Saraswathi Kasturirangan, Chief Happiness Officer, Deloitte India. For employers, this is a call to build cultures anchored in growth, innovation, and continuous learning, she said, quoting the 2025 Deloitte Global Gen Z and Millennial Survey. The survey further found that career progression and learning opportunities are among the top factors that are driving job decisions for the young workforce. However, there is a mentorship shortfall as around half .

India must generate 8-10 million jobs yearly, says PM's principal secy

Highlighting the need to create 8 to 10 million jobs annually in India, Prime Minister Narendra Modi's Principal Secretary PK Mishra on Saturday urged students to equip themselves with both technical knowledge and practical skills. Speaking at the 9th convocation ceremony of IIM Sambalpur, Mishra said, "There is a need to create 8 to 10 million jobs annually. The central government has therefore launched initiatives like Digital India and Skill India to meet this goal. You need technical knowledge along with skills." He also informed the students that India has secured a strong position on the global stage. Mishra said this is a crucial period not only for students, but also for the country. "Today, India holds a strong global position, with a growing economy, a young population and strategic partnerships. The country's increasing influence will help achieve the goal of Viksit Bharat, as envisioned by the Prime Minister," Mishra said. Mishra said India's digital infrastructure is

How to Get Hired & Lead in Today’s Business World

In this episode Dr. Ankur Sodhi shares insights on leadership, hiring trends, and the future of education. Whether you're a B-school student or young entrepreneur this conversation will help you grow.

Crypto trading booms in India's interiors as job growth, incomes disappoint

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth

White-collar hiring up 4% in Jan, driven by FMCG, pharma, insurance sectors

White-collar hiring activities in January witnessed 4 per cent growth driven by traditional sectors, including FMCG, pharma and insurance, according to a report released on Monday. "In 2024, January had greeted us with a disappointing 11 per cent de-growth in hiring. In contrast, 2025 seems to have started on a positive note. The 4 per cent hiring growth is tempered as IT recovery settles in, however, strong growth in most core sectors, including FMCG, pharma, insurance and hospitality is a good sign and augurs well for a cracking 2025 in terms of white collar hiring," Naukri Chief Business Officer Pawan Goyal said in a statement quoting NaukriJobSpeak Index. The report revealed a steady hiring environment with strong performances in core sectors like FMCG (16 per cent), insurance (15 per cent), and pharma (11 per cent), and hospitality by 8 per cent, while IT hiring remained flattish, the report added. The Naukri JobSpeak is a monthly index representing the Indian job market and ..

Economic Survey: A 'virtuous cycle of job creation' via labour reforms

The survey presented a comparative study on restrictions on overtime for factory workers in India and other countries

Formal sector new hirings drops 20.8% in Oct, EPF additions hit 7-month low

"The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce"

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million

US job growth accelerates in Sep, unemployment rate declines to 4.1%

The initial payrolls count for August has typically been revised higher over the past decade. Estimates for September's job gains ranged from 70,000 to 220,000

No 'spin-doctoring' can change fact that 2014-24 saw jobloss growth: Cong

The Congress on Monday dismissed as "half-truths" the government's assertions of creating eight crore employment opportunities between 2021 and 2024 and 6.2 crore net subscribers joining the EPFO database, and said no "spin-doctoring" can take away from the fact that 2014-24 has seen "jobloss growth". Congress general secretary in-charge communications Jairam Ramesh said that amidst the "U-turns and scandals" that have marked the last few months of this "tottering" government, "the non-biological PM and his drum beaters have tried to find some solace in their economic record, claiming to have created eight crore employment opportunities between 2021 and 2024". "This claim initially emerged from the RBI KLEMS data, which we had earlier countered on July 15th, 2024. The Government's spin doctors have now mustered another statistic - that of 6.2 crore net subscribers joining the Employees' Provident Fund Organisation (EPFO) database between September 2017 and March 2024. Both claims are

'400 mn more women required in workforce to contribute $14 trn to economy'

India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy which would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047, according to a new report. Non-profit The/Nudge Institute has unveiled a new report, Labour Force Participation Distillation Report, outlining a crucial element for India's economic future. The report is based upon Periodic Labour Force Survey (PLFS) over the years. As the country aims to become a USD 30 trillion economy by 2047, the report highlights the need for a substantial increase in female labour force participation to achieve this goal. According to the report, India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy. This would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047. Wi

Adopt supportive, empathetic approach towards MSMEs: RBI dy guv to lenders

Reserve Bank Deputy Governor Swaminathan J has asked financial institutions to adopt a more sensitive and empathetic approach towards MSMEs, and deploy supportive measures like restructuring options for loans, to support the sector which plays a key role in the economy. In a speech at the Annual Day of the Foreign Exchange Dealers Association of India (FEDAI) here, the deputy governor said MSMEs face challenges like access to affordable finance, delayed payments, infrastructure bottlenecks, and requirements of compliance, among others. The journey of India's economic transformation cannot be complete without the robust development of the MSME sector. "MSMEs are not just the backbone of our economy, they are the engines of growth, innovation, and employment," he said at the event held on Wednesday. However, for these enterprises to truly thrive and scale up, the financial sector must step up with innovative solutions, sensitivity, and a forward-looking approach, Swaminathan said. "

To generate jobs, Puducherry minister to unveil new industrial policy soon

Puducherry Industries Minister A Namassivayam told the territorial Assembly on Friday that a new industrial policy would be unveiled soon for the development of industries in the union territory and to generate job opportunities for the youth. Replying to a question tabled by V P Ramalingam (nominated legislator), the minister said that those coming forward to set up industrial enterprises in the union territory were seeking several concessions which related to GST and Income Tax. The government would have to consider these pleas. "Our intention is to encourage industries to come up in Puducherry so that jobs can be created for the educated youth," he said, and added that all aspects were being considered to ensure industrial development in the union territory. Namassivayam said that the government also proposed establishing an Information Technology park. On the number of industries established since the present government assumed office in 2021, he said that 189 industries have c

Hiring activity up 12% in July, most sectors report double-digit growth

White-collar hiring activity grew by 12 per cent in July compared to the same month last year as most sectors reported healthy double-digit growths, a report said on Friday. India's white-collar hiring activity grew to 2,877 job postings in July 2024, registering a 12 per cent year-on-year increase compared to 2,573 during the corresponding month last year, according to the Naukri JobSpeak Index. The Naukri JobSpeak is a monthly index representing India's job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. Most sectors reported healthy double digit growths, with pharma/biotech (26 per cent), FMCG (26 per cent), real estate (23 per cent), and AI-ML (47 per cent) leading the way, said the report. However, the report said, it could be due to an impacted base of July 2023, when there was an atypical dip in hiring activity on account of IT sector's woes. The IT sector experienced a healthy 17 per cent gro