“Even so, key sectors such as AI-ML, FMCG and Pharma continue to show strong growth.New Delhi: Jobs in several sectors such as Artificial Intelligence Machine Learning (AI-ML), Pharma and FMCG showed resilience and growth in August, according to a report on Tuesday.
A report by Job Portal Naukri showed that AI-ML led the employment sector with a robust 14% increase of 14% year-on-year, followed by FMCG (+11%), Pharma/Biotech (+9%), Auto (+7%) and Oil & Gas/Electric (+5%).
The job market worked steadily in the first half of the month, but unique clustering of the second half of the holiday led to a decline in recruitment activity and a prominent DIP in the second half of August.
“Employment in August is a two-half story. The first half of the month showed a typical pattern, but the second half had an impact due to extended holidays.”
“Even so, key sectors such as AI-ML, FMCG and Pharma continue to show strong growth.
The overall IT sector showed modest growth of 1% year-on-year. Interestingly, Unicorns burdened the trend with a growth of 5%, even if foreign MNCs and the Centre for Global Capacity (GCCS) experienced revisions.
Kochi emerged as a bright place for employment, recording a 22% growth from the previous year. The report further showed that experienced and senior experts remained in high demand. Employment of people with over 16 years of experience increased 11% year-on-year, with positive growth in all cities, while the strategic and largest management roles skyrocketed by 30%. People in pay brackets also show resilience, with a 6% increase in positions offering 13-20 LPAs and a 19% increase in those above 20 LPAs.
“These trends show a strong market for experienced professionals and high-wage roles, in contrast to the overall employment patterns,” the report states.
