Hiring Up 3 Pct In March: Report

NEW DELHI: After remaining largely flat during the first two months of the year, hiring activity went up by 3 percent during March, a TimesJobs.com RecruiteX report said.

"The Indian job market which was largely inactive during January-February 2014 is getting back on track as RecruiteX demand index climbed up to 93 points in March from 90 points recorded in February," says a TimesJobs.com RecruiteX report.

With political uncertainty coming to a conclusion, hiring went up by 3 percent during the month of March, indicating India Inc is optimistic about the future, it added.

Project, infrastructure sector emerged as the top employment generator in March with 12 percent rise in demand while petrochemicals industry reported 9 percent growth.

According to the RecruiteX report, petrochemicals and project infrastructure were the first two major industries to show signs of revival in a struggling economy.

While both these industries started the year on a sombre note, witnessing negative hiring sentiments during January, things started looking up from February, it said.

IT and telecom sector reported 6 per cent increase in hiring, while recruitment activity went up by 5 percent in healthcare, biotechnology, pharmaceutical, manufacturing and engineering industry.

Construction, cement, metal, steel and iron industry registered 9 percent increase in hiring, the report said.
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