India's red-hot job market seems to have found its mojo back like the pre-pandemic period. Not only IT companies like TCS, Infosys, Wipro, HCL Technologies, but others have stepped up hiring never like this before. As per the latest Naukri JobSpeak survey, overall hiring activity in India has once again surpassed pre-pandemic levels in October.
The Naukri JobSpeak index which measures hiring activity showed a growth of 43% in October 2021 and rose to 2,523 points as compared to 1,759 points in October 2020. The Naukri report stated that the IT sector continues to be a net hirer of skilled talent.
The sector witnessed significant annual growth of 85% in October this year, led by an increasing demand for tech professionals. India's big three IT majors TCS, Infosys, and Wipro have already revealed plans to hire over 1 lakh people this financial year.
Besides that, hiring activity has also picked up in Telecom sector which rose by 84% and the retail sector by 51%. IT hubs such as Bengaluru, Hyderabad and Pune, and others have recorded the highest year-on-year growth in the month of October this year, the Naukri report showed.