In an indication of a tight job market, new job generation in the April to June quarter reported a two per cent decline with Mumbai and Chennai witnessing a massive decline in generation of employment, according to a survey by Assocham.
During the first quarter, new job generation declined by 28 per cent in Mumbai and 21 per cent in Chennai as against the corresponding period last year, according to the survey. These cities are two of India’s important job creation regions. A total of over 13,100 new jobs were generated in Mumbai during the first quarter of the current financial year as against over 18,200 jobs in the first quarter of the last financial year.
The number of new jobs generated in Chennai has seen a decline of over 21 per cent from over 10,200 jobs to just over 8,000 jobs in the current financial year. The job scenario in Hyderabad has also taken a hit of five per cent.
“A total of over 1,25,500 new jobs were generated across India during the first quarter of the current financial year. However, the new job generation growth in India during this period has declined marginally by about two per cent as over 1,27,700 new jobs were generated during the corresponding period last year,” said D.S. Rawat, National Secretary General, Assocham.
Kolkata has seen a surge of over 19 per cent in the new job generation while Bangalore has seen a growth of is 7 per cent. Lucknow has registered growth of over 58 per cent in new job generation while Kanpur has seen surge of 53 per cent followed by Kochi, up by 45 per cent, Nagpur (27 per cent), Gandhinagar (17 per cent) and Jaipur (16 per cent).
Bhubaneswar has seen surge of over 37 per cent in new job generation followed by Raipur (32 per cent), Meerut (21 per cent) and Ranchi (10 per cent). Significant decline has been reported from Surat (38 per cent), Indore (23 per cent) and Bhopal (12 per cent), Guwahati (48 per cent), Vadodra (37 per cent), Patna (29 per cent) and Amritsar (21 per cent), the survey said.