Chennai:
The
city of Chennai has witnessed significant dip of over 21 per cent in new job
generation during the first quarter of the ongoing financial year primarily due to closure of small scale
industries (SSIs) owing to unprecedented power crisis, according to a recent
analysis of job scenario across India carried out by apex industry body The
Associated Chambers of Commerce and Industry of India (ASSOCHAM).
“A
total of over 8,000 new jobs were generated in Chennai during the Q1 as against
over 10,200 new jobs created across the city during the corresponding period
last year,” according to a sector-specific analysis titled ‘Job Trends Across
Cities & Sectors,’ conducted by ASSOCHAM.
The
ASSOCHAM team had tracked the data on a daily basis for vacancies posted by
over 3,000 companies on various job portals, advertisements in job supplements
of national and regional dailies and news journals across 32 sectors offering
employment opportunities.
“The
main reason behind the dismal job scenario is closure of about 25 per cent of
small and medium enterprises (SMEs) mainly due to severe power shortage, apart
from this there are number of other factors like global economic slowdown,
decline in industrial production, high inflation, overall difficult and
unfavourable market conditions which have severely impacted India thereby
making them extremely cautious on the hiring front,” said D S Rawat, national
secretary general of ASSOCHAM while releasing the chamber’s analysis.
“The
hiring activity across sectors is likely to remain subdued even during the second
quarter of the current financial year as uncertain economic conditions are
likely to persist but the industry is hopeful that job market will pick up by
the end of Q2.”
“The
information technology (IT), information technology enabled services (ITeS) and
IT hardware have jointly acquired the highest share of over 41 per cent thereby
creating about 3,700 new jobs as against 5,300 new jobs were created in this
sector during Q1 of the previous financial year i.e. FY 2012-13,” said Rawat.
“Even
though, Chennai has emerged as India’s world-class tech destination, but the
IT/ITeS and IT hardware sectors have jointly seen a massive decline of over 43
per cent, of this the new job generation in IT hardware and ITeS sector
declined by about 57 per cent and by about 29 per cent respectively.”
The
banking and financial services sector together has created about 670 jobs in
Chennai but the job creation in the sector has declined at an average of about
15 per cent. Automobile sector has also seen a decline of over 37 per cent in
new job creation as the number of jobs generated in the sector declined from
over 560 to just about 350. Besides, manufacturing sector has also seen a
decline of over 41 per cent has dipped from over 460 to about 270.
Telecom
sector has seen massive surge of over 149 per cent in new job creation in
Chennai thereby creating 400 new jobs in the current FY as against over 160
jobs in the previous financial year, highlighted the ASSOCHAM analysis.
While,
the insurance sector registered about 75 per cent increase from over 240 jobs
to over 430 new jobs, the academics sector has also seen a surge of over 17 per
cent in new jobs thereby creating over 340 jobs across the city.
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