‘Auto sector hires most in Oct’

PRESS TRUST OF INDIA

New Delhi, Nov 7: The auto sector, which is riding the wave of increased demand and robust economic growth, generated the most number of job opportunities in October, says a study.
 "An in-depth analysis shows that the index for the Auto sector stands at 917 in October, which is the highest index for the sector since October 2008," according to study by naukri.com.
 The oil and gas sector also clocked impressive growth figures of 12 per cent in October 2010 as compared to the previous month.
 "A look at the index for the past two years shows that there is usually a seasonal dip in hiring during the festive season. However, this year the sentiment is encouraging as sectors like auto, oil and gas, ITES and manufacturing continue to hire aggressively," Info Edge India CEO and MD Hitesh Oberoi said.
 Most of the other industry sectors like IT/ITeS, IT- Hardware, Manufacturing and Construction continue to maintain steady hiring levels.
 "For the coming months, macro and micro economic changes will impact the hiring plans in the country. For example if the rupee continues to strengthen export oriented sectors like IT, small and medium size industries will be impacted," Oberoi added.
 However, telecom, IT-Software and Banking saw marginal declines of 6 per cent, 4 per cent and 2 per cent in October'10 as compared to  September 2010.

Lastupdate on : Sun, 7 Nov 2010 21:30:00 Makkah time
Lastupdate on : Sun, 7 Nov 2010 18:30:00 GMT
Lastupdate on : Mon, 8 Nov 2010 00:00:00 IST




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