The e-commerce, BFSI (banking, financial services and insurance) and hospitality sectors have seen an increase in demand for manpower in the first four months of 2024, indicating an overall job market recovery, Thursday's report said.
Driven by economic recovery, BFSI workforce demand grew up to 21% in the first four months of the year, according to a report by professional networking platform Apna, while the e-commerce sector grew by 17% and the services and hospitality industry registered a growth of 13%.
The report is based on data from the Apna platform for 2023 and 2024.
It also found that southern India's job market grew 23 percent from 18 percent last year, with cities like Hyderabad, Bangalore and Chennai topping the list in terms of total job openings.
Digital adoption is becoming increasingly prominent in tier 2 and 3 cities such as Lucknow, Coimbatore and Gwalior, which are seeing a surge in job openings.
Cities such as Hyderabad, Bangalore and Chennai are at the forefront of the growing employment landscape. This trend demonstrates the strength of the South Indian job market and highlights the opportunities it offers through digitalisation.
“From bustling metros to emerging tier 2 and 3 cities like Lucknow, Coimbatore and Gwalior, our platform reflects the dynamic landscape and offers promising prospects to job seekers across the country,” said Nirmit Parikh, CEO and Founder, apna.co.
The platform recorded a 21% increase in job applications from fresh graduates during the reporting period compared to the previous year, and an 18% increase in applications from female job seekers.
According to the report, the total number of applications received during the period reached approximately 170 million, up 15 percent from the previous year.
