White-collar jobs in India: 8.6% decline in September

In September, there was an 8.6% year-on-year decrease in white-collar hiring, with notable impacts seen in sectors like IT, BPO/ITES, and FMCG, as revealed in a recent report. However, there was a month-on-month growth of nearly 6% in job postings.

In September, there were 2,835 white-collar job postings, down by 8.6% compared to the same month the previous year when 3,103 jobs were posted. This data is based on Naukri.com's monthly 'Naukri JobSpeak Index,' which represents the state of the Indian job market.

The IT sector has been grappling with global challenges, resulting in a decrease in hiring numbers in recent months. BPO/ITES and FMCG sectors also witnessed negative growth of 25% and 23%, respectively, during this period.

Despite these challenges, the banking sector showed resilience and continued to grow. The overall index recorded a sequential growth of 6%, highlighting the diversity of the Indian job market, according to Pawan Goyal, Chief Business Officer of Naukri.com.

The report also highlighted that the hospitality and travel industry experienced significant growth, driven by families and solo travelers taking advantage of the monsoon season. Mumbai saw the highest number of job offers in this sector, with roles like restaurant manager and guest services in high demand.

The BFSI and healthcare sectors both achieved 7% yearly growth in September, with roles like branch manager and financial consultant in high demand. The oil and gas as well as auto sectors also saw 6% growth compared to the same month the previous year.

Additionally, non-metro cities outperformed metros in job creation in September 2023, with cities like Vadodara, Ahmedabad, and Jaipur experiencing 4%, 3%, and 2% growth, respectively, in hiring compared to the same month the previous year.