Home / News / India /  Hiring trends across sectors: Retail leads, IT sector jobs fell 22% YoY

Hiring activity in the retail space in January witnessed 19 per cent year-on-year growth whereas sectors including IT, Media & Entertainment, home appliances reported a slowdown, according to Foundit (formerly Monster) Insights Tracker (fit) for January 2023 report.

Retail is back again being the topmost industry in the hiring activity on-year basis. Also, travel and tourism showed a growth of 15% with major demand in operations with focus on increased revenue generation through digitalisation and personalisation. 

Year-on-year growth momentum in Advertising, MR, PR (+15%) too strengthened this month, the report showed.

The IT sector including Hardware, Software saw a 22% drop in hiring. Media & Entertainment (-18%) sector has plummeted further, registering the sharpest deceleration among sectors.

Apart from these, other industries to monitor upsurge in hiring activity in January'23 include -- Shipping/Marine (+5%), Telecom/ISP (+4%), Chemicals/ Plastic/ Rubber, Paints, Fertilizer/ Pesticides (+3%), Office equipment/Automation (+3%), Logistic, Courier/ Freight/ Transportation (+2%) whereas FMCG, Food & Packaged Food (0%) and Real Estate (0%) remain silent while BFSI (-1%), Automotive/ Ancillaries/ Tyres (-3%), Production/ Manufacturing (-4%), Education (-8%), Engineering, Cement, Construction, Iron/ Steel (-8%), Agro-based Industries (-9%), BPO/ ITES (-10%), Healthcare, Bio Technology & Life Sciences, Pharmaceuticals (-15%), and BPO/ITES (-15%) sectors saw consecutive decline.

Meanwhile, Gujarat's Ahmedabad has emerged as the city in India with the most active hiring activity being done.

Ahmedabad registered a growth of 16% year-on-year basis and the demand was majorly driven by Advertising, MR & PR and BFSI industry.

Kolkata (-25%), Bangalore (-13%), Baroda (-7%), Hyderabad (-7%), Chennai (-9%), Kochi (-6%), Pune (-3%), Jaipur (-2%) and Coimbatore (-2%) saw the most restrained hiring activity and continue to weigh down the index recording negative annual growth in January’23.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout