Source | m-economictimes-com.cdn.ampproject.org | Amritesh Malhan
In May, India’s unemployment rate grew to its highest level in the last one year at 11.9 per cent, as per data from the Centre for Monitoring Indian Economy. But in the last two weeks of the same month the country saw a significant spike in white collar IT sector hiring, said Kamal Karanth, Co-Founder, Xpheno to ET Now.
According to Karanth, it is clear that the IT sector is going to be driving the job growth this year as it is showing “huge bullishness” in terms of hiring. “We see close to 30,000 active jobs getting recruited by the IT sector every month for the next 12 months,” he said.
The critical reason for recruiting recovery has hinged on the fact that industries are more prepared this time around. “The critical part to note is that enterprises now know how the recovery happens compared to last year… There is a bit of a pattern that enterprises have recognised and even though we went into a lockdown there was a surge,” explained Karanth.
Though in the technology sector geographies no longer matter, big cities are still contributing the most to white collar IT jobs. Bangalore, Hyderabad, Bombay, Pune and Delhi are seeing the most hiring in that order, as per Karanth. “You can say that the non-IT jobs are not getting created at the same pace,” he added.