IT-software sector created most jobs in May: Naukri.com index

The IT-software sector dished out the most new jobs in May this year, the Naukri Job Speak Index showed. "Sustained growth in IT software and ITES during the year led to an impressive hiring sentiment for these sectors," the company said in a release.

There was a surge in the demand for professionals in the IT-software and ITES sector, taking the index upwards for most part of the year. IT sector job growth stood at 33% while ITES sector job growth was at 49% in May this year, the Naukri index indicates. 

On the other side of the spectrum, project management, IT hardware, telecom and real estate reported negative growth in new jobs given out in May, over the same period last year. 

Apart from the IT-software & ITES sectors, other industries that showed an uptick in new recruits include, sales and business development and accounts professionals, with growth of 19% and 22%, respectively. 

Bifurcating the new jobs according to metros, New Delhi/NCR created the most growth in new jobs at 58% in May compared to the same period last year; Mumbai reported 41% growth in jobs and Bengaluru, 35%. 

Overall, May registered a 27% growth in new jobs compared to the same period last year. 

"The job market continues to head north with an impressive 27% on year growth in May. It’s good to see the index showing positive momentum across all major metros. Though IT/ITES/BPO sectors have been leading the growth for the past few quarters, sectors like pharma/biotech and insurance seem to show growth over the past few months. The market is looking good for jobseekers in the coming months,” V. Suresh, Chief Sales Officer, Naukri.com, said.