In October, white-collar hiring activity in India experienced a remarkable 10% year-on-year growth, as reported by the Naukri JobSpeak Index. The index reached 2,733 points in October, a notable increase from 2,484 points during the same month last year. This growth was primarily driven by robust recruitment activities in key sectors such as oil and gas, pharmaceuticals, fast-moving consumer goods (FMCG), and information technology (IT).

One of the standout features of this month’s hiring trends was the significant surge in AI/ML roles, which skyrocketed by 39%. This reflects the increasing importance of artificial intelligence and machine learning technologies in various industries, prompting companies to seek skilled professionals in these areas. The IT sector demonstrated a positive hiring trajectory in four out of the seven months of the financial year, indicating a favourable outlook as we progress through the year.

Additionally, global capability centres (GCCs) reported a 17% increase in hiring, with emerging hubs like Kolkata and Ahmedabad gaining prominence in the recruitment landscape. The demand for talent in these regions underscores the growing importance of diversified geographical recruitment strategies.

The report also highlighted a notable rise in data-focused positions, particularly during the festive period. Roles such as data/big data testing engineers and full-stack data scientists witnessed substantial growth, emphasizing the shift towards data-driven decision-making in organizations. Furthermore, after a slow start to 2024, hiring for freshers showed promising signs with a 6% YoY increase in October, indicating a revitalized confidence in the job market.

The southern states of India led the charge in white-collar hiring, with Tamil Nadu showcasing the highest growth at 24%, followed by Telangana, Karnataka, Andhra Pradesh, and Kerala. This trend illustrates the regional disparities in hiring, with southern states emerging as key contributors to the overall growth in employment.

Mr. Pawan Goyal, Chief Business Officer at Naukri, noted that the increase in fresher hiring reflects a growing business confidence and presents exciting opportunities for new graduates entering the workforce. This positive trend in hiring is a hopeful sign for the future, particularly for young professionals looking to kick-start their careers.

In summary, the white-collar hiring landscape in India is on an upward trajectory, driven by strong performances in key sectors and the emergence of new roles that align with current technological advancements. As companies continue to invest in talent acquisition, particularly in IT and data-focused roles, the job market is expected to remain dynamic and vibrant in the coming months.

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