Kolkata, Mumbai and Ahmedabad are among the cities with the highest decline in new job generation growth between October and March 2013, according to a survey that said that job generation has dropped by over 14.1 per cent during the period compared to a year ago.
The study, however, revealed that even in this gloomy scenario aviation sector registered the highest number of new jobs followed by human resource development, academics and real estate. The rest of the sectors registered negative growth rates ranging between 4 and 46 per cent.
“India’s slowing economy and policy unpredictability had significantly slowed down fresh investment and hurt job creation across the country” according to the just -concluded study undertaken by the Economic Research Bureau of industry body ASSOCHAM.
The inputs were primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via various job portals and job-related advertisements in the print media, an ASSOCHAM release said.
In absolute numbers, Delhi and the National Capital Region topped in job generation followed by Bangalore, Mumbai and Chennai. But growth rates of job creation had declined with Hyderabad being the only city with a positive growth rate (0.1 per cent) and all the other Tier I cities showing negative rates of growth. This included Ahmedabad (-37.4 per cent), Pune (-23.2 per cent), Mumbai (-21.6), Kolkata (-18), Chennai (-11.3), Bangalore (-9.9) and Delhi and NCR (-1.6)
In tier II cities, Kochi has registered highest growth rate, followed by Lucknow and Meerut.