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Bangalore: Job Generation Sees 21% Decline During 2012, says Assocham Study

  •   Tue, Dec 25 2012 07:04:23 PM

From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, Dec 25: Job generation during the year 2012 saw a 21 per cent decline across various sectors of the economy from January and mid-December.

This is the finding of an analysis on ``Job Trends Across India in 2012” conducted by the Associated Chambers of Commerce and Industry (Assocham)
 
A total of over 5.3 lakh jobs were generated from January till December 15, 2012, across India or over 2.8 lakh jobs in first half of the year and over 2.4 lakh jobs during the second half.

Information technology (IT) sector topped the group with over 2.1 lakh jobs generated in the sector between January to December 15, 2012 across the country as compared to the same period of last year.

Academics and education ranked second with over 34,500 jobs generated in the sector followed by insurance (over 27,100 jobs) and banking (24,500).

The ASSOCHAM Research Bureau (ARB) sourced its inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals like timesjobs.com, naukri.com, monster.com and shine.com and also advertisements offering job opportunities published in national and regional newspapers for about 56 cities and 32 sectors.

Delhi and the National Capital Region (NCR) topped with over 1.1 lakh jobs generated between January 1 to December 15, 2012 followed by Mumbai (over 77,000 jobs), Bangalore (over 75,000 jobs) and Chennai (over 44,000 jobs).

Among the five metro cities in India, the least number of jobs were generated in Kolkata (over 25,000 jobs), said D S Rawat, secretary-general of ASSOCHAM while releasing the findings of the chamber’s analysis.

Other prominent job generation sectors included automobile (22,890), financial services (22,500), manufacturing (20,400), engineering (18,650), hospitality (16,100) and IT hardware (15,600).

Interestingly, academics and education sector registered an upward surge in job generation growth of over 16 per cent in the first six months of the current year.

Job generation growth dipped by over 10-50 per cent in the remaining sectors during this period, the Assocham study said.
  

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Comment on this article

  • John DSouza, Mangalore

    Wed, Dec 26 2012

    IT sector has generated over 2.1 lakh jobs, while the automobile sector has generated only 22,890, jobs during the year.
    If a revolutionary change takes place in the land transport sector too (like in mobile technology), the possibility is to generate a considerable amount of job opportunities along with suitable solutions to the land transport problems.

    Price rise forces to run an impossible race
    Tortoise can never win the race with rabbit
    High fuel price, still we follow the tortoise style
    Mobile technology is fast, cheap and almost free
    Automobile still in a lengthy evolution
    Can technology help the land transport too?
    http://www.ideas.economictimes.com/index.php?option=com_kunena&func=view&catid=9&id=96&Itemid=129

    DisAgree Agree Reply Report Abuse


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Title: Bangalore: Job Generation Sees 21% Decline During 2012, says Assocham Study



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