Business

AI, Hospitality, And Real Estate Boost India’s White-Collar Job Growth In February

India’s white-collar job market grew by 4% year-on-year in February, driven by artificial intelligence (AI), hospitality, and real estate, according to the latest Naukri JobSpeak Index. The index reached 2,890 points, signaling an improving employment scenario, especially in industries that faced challenges in 2024.

AI and Hospitality Lead Hiring Surge

The AI-ML sector saw a 21% rise in hiring, while the hospitality industry rebounded with a 20% increase, reversing last year’s decline. Real estate also posted a 9% rise in hiring, indicating a strong recovery.

Core sectors showed mixed results. FMCG grew by 8%, pharma by 5%, and global capability centres by 2%. However, banking jobs declined by 6%. IT hiring remained flat overall but showed growth in cities like Jaipur (+19%) and Coimbatore (+10%).

The demand for specialised tech roles surged. Hiring for data scientists increased by 76%, machine learning engineers by 70%, and security consultants by 44%. The retail sector declined by 4%, but consumer durables (+25%) and beauty and wellness (+13%) saw strong gains.

Senior professionals with over 16 years of experience saw a 15% rise in hiring, while high-salary jobs (₹20 lakh per annum and above) jumped by 21%. Fresh graduate hiring remained stable, with hospitality and telecom leading at 23% and 11%, respectively.

“The job market has started the year positively, with steady growth in January and February,” said Pawan Goyal, chief business officer at Naukri.

Also Read: Indian Railways To Use Mixed Energy Sources For Net Zero Goal By 2030

Ajaypal Choudhary

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

2 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

2 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

3 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

3 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

4 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

4 hours ago