Corporate hiring on the rise: survey

Indian corporate hiring activity picked up by 1.3 per cent in July over the previous month, with the IT, real estate, pharmaceutical and retail sectors leading the recruitment drive, says a survey by job portal Naukri.com.

The Naukri's monthly 'JobSpeak index' continued to move upwards, to edge up to 727 in July compared to 718 in June. On a three monthly moving average, the index inched up from 686 in June to 703 in July.

"The uptrend over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, real estate, retail and auto, echoes optimism. However, only continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring," Sumeet Singh, national head of marketing and communications at Info Edge, which owns naukri.com, said.

In June, the hiring activity had increased as much as 8.1 per cent over the previous month.

Recruitment in the IT industry remained good, with hiring up by four per cent in software, seven per cent up in hardware and networking and three per cent up in ITeS and BPO.

Hiring continued to rise in the pharmaceutical and biotech industries, with the sector index climbing up 10 per cent. Hiring in auto and auto ancillary, real estate and retail, also went up by 11 per cent, 16 per cent and 10 per cent respectively.