Goyal stated that while the Indian job market was heavily reliant on the IT sector earlier in the year (2024), there has now been broader growth across various industries.
Non-IT sectors, including fast-moving consumer goods (FMCG), oil and natural gas, travel and tourism, and hospitality, have performed well and contributed to the overall growth in white-collar jobs.
“This is the first time that fresher hiring has picked up,” Goyal added.
The Naukri JobSpeak report for December 2024 shows that hiring activity grew by 9% compared to both last year and the previous month.
The IT sector showed positive growth, with a 2% rise year-on-year (YoY) and a 5% increase month-on-month (MoM). Artificial Intelligence (AI) related jobs saw a sharp rise of 36%, while job opportunities in Gulf Cooperation Council (GCC) countries increased by 15%.
Sectors driving this growth include Oil and Gas, FMCG, and Healthcare, each showing a 12-13% increase. Fresher hiring in FMCG saw an 18% surge, the highest monthly growth in fresher recruitment for the year. However, retail hiring declined by 4%, although the consumer durables sub-sector grew by 14%. Among the 16 tracked sectors, only retail, banking, and insurance showed declines.
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Goyal further explained that across various sectors, not just FMCG, there has been a focus on fresher hiring.
The Naukri JobSpeak Index is a monthly report that tracks hiring activity in the Indian job market. It is based on new job listings and recruiter activity, such as job searches and interactions with resumes on Naukri.com. The index provides insights into trends across industries, job roles, and locations, helping to understand the overall health of the job market.
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The market capitalisation of Info Edge (India), the parent company of Naukri.com, is around ₹1,15,675.86 crore, and its shares have increased by nearly 76% over the past year.
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