Hiring activity in India has touched an all-time high in July 2021, indicating a strong revival of economic growth and a sustained recovery from the impact of Covid-19 on business, according to the latest Naukri JobSpeak report.
The country’s premier index on hiring trends grew by 11 per cent in July’21 vs. June’21, to touch 2,625, the highest it has ever been, including the pre-Covid timeline. The Indian job market has witnessed sequential growth for the second month in a row, with a 15 per cent rise in June’21, after a pandemic-linked decline in April and May’21.
As businesses continue to ride the wave of digitisation, the IT-Software/Software Services sector maintained its steady, upward growth with an 18 per cent increase in July’21 when compared to Jun’21. This demonstrates that enterprises are actively leading their recovery efforts and driving growth with digital transformation at the centre. In June’21, this sector had grown past the pre-pandemic levels in June’19 by as much as 52 per cent. The month-on-month (MOM) sequential growth of jobs in the IT-Software / Software Services sector has been very encouraging at 11 per cent in June’21 and 14 per cent in May’21.