JOIN USMumbai’s share in generating new jobs sharply plummeted while Delhi-NCR has catapulted to the top slot, an industry survey has revealed.
New jobs generation in the country’s commercial capital fell sharply by 28 per cent during the first quarter of fiscal 2013-14 against the corresponding period last year, said Job Trends Across Cities & Sector, a study conducted by the Associated Chambers of Commerce & Industry (Assocham) released here on Tuesday.
“Mumbai’s share in generating total number of new jobs across India fell from over 14 per cent last year to just around 10 per cent,” Assocham secretary general D S Rawat said while releasing the study.
In contrast, Delhi-NCR remained numero uno in new job generation with a maximum share of over 27 per cent as compared to other cities, he said.
Referring to Mumbai, the study said around 13,100 new jobs were generated here compared to 18,00 in Q1 last year, mostly in the IT, IT-enabled services (ITes) and hardware which accounted for 32 per cent with banking, financial services, insurance (BFSI-18 per cent) and academics (seven), advertising and event management (five), telecom and other manufacturing (four) and hospitality (three percent).
Sectors like engineering and construction, realty, automobiles, retail, infrastructure, human resources, FMCG and and others notched an insignificant increase in new jobs generation, it added.
According to Rawat, a total over 1,25,500 new jobs were generated in the country during Q1 of the current fiscal, which is a decline of two per cent — or 127,700 new jobs created during the same period last year.
Nationwide, IT, ITeS and hardware together accounted for 39 per cent of all the new jobs, following by BFSI with 14 per cent, and academics at 11 per cent. Ironically, the IT and academics capital of Maharashtra — Pune, also witnessed a fall of 17 per cent, according to the study.
IT-ITeS and hardware accounted for nearly 50 per cent of the 8,500 new jobs in the current fiscal Q1, BFSI with 12 per cent, academics at seven per cent and other sectors remaining sluggish.