Hiring activity in India grows by 43% annually in October, says report

Hiring activity expanded by 43 per cent year-on-year in October driven by strong demand for technology professionals, according to a report.

According to the Naukri JobSpeak report, with 2,523 job listings in October 2021, there was a 43 per cent year-on-year (Y-O-Y) growth. However, sequentially there has been 8.35 per cent decline as the total number of job listings was 2,753 on the portal in the previous month.

The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website month on month.

The report further stated that demand for tech professionals continued to soar as the sector witnessed a significant 85 per cent Y-O-Y growth in October.