According to the most recent foundit Insights Tracker, recruiting activity in India increased by 11 per cent year over year between July 2023 and July 2024, indicating that the country's job market is expanding.
According to the tracker, entry-level incomes have increased significantly, especially in the retail and telecoms industries, which saw rise of 15 per cent and 14 per cent, respectively. Despite a modest 1 per cent month-over-month dip in July 2024, the job market is generally on the rise, which coincides with this boom.
The CEO, Sekhar Garisa, stated: "The recruiting sector is encouraged by the recent Union Budget's strong focus on productivity and job development. Additionally, we have seen a steady increase in employee pay due to a greater need for new hire.
Tier-2 cities saw encouraging development in terms of geography, with Coimbatore leading at 24 per cent and Jaipur following behind at 23 per cent. Delhi-NCR (18%), Chennai (14%), and Pune (12%) were the three largest cities with the highest hiring activity.
The tracker also showed that demand was evenly distributed across experience levels, with senior professionals (over 15 years experience) seeing a 6 per cent surge and freshers (0-3 years experience) seeing a 13 per cent increase.
These results point to a vibrant job market in India, with openings in fields that welcome new economic ventures and technological developments.
