Rising Job Opportunities in Indian Cities: A Promising Outlook for 2024

New Delhi, Dec 16 (NationPress) Emerging cities including Indore, Udaipur, Bhubaneshwar, and Jaipur have recorded significant job growth in 2024, with Udaipur showing a leading growth rate of 17 percent overall and Indore following at 14 percent, according to a report released on Monday.

Other cities like Jaipur and Ahmedabad are also contributing to India's job market, showcasing double-digit growth across sectors such as IT, oil and gas, and construction, as per the findings by Naukri.com.

Jaipur has emerged as a prominent tech hub, achieving a remarkable 48 percent growth in IT sector hiring during the third quarter.

Ahmedabad made a strong recovery in the latter part of the year, witnessing substantial growth in sectors like oil and gas, construction/engineering, and accounting/finance.

The hiring environment started to stabilize in Q2 2024, as various industries adapted. By the third quarter, hiring exhibited a robust rebound, fueled by a revitalized IT sector, with emerging cities showcasing remarkable growth and fresher hiring trends stabilizing.

Major metropolitan areas like Chennai, Hyderabad, and Pune led the recovery efforts, with Pune especially demonstrating a strong rebound in the second half of the year, recording a 13 percent growth in hiring during Q3, as highlighted in the report.

“Looking forward to 2025, the outlook appears bright. Companies are anticipated to continue investing in AI/ML and digital transformation, while also prioritizing experienced leadership,” emphasized the report.

In 2024, the AI/ML sectors thrived, with growth rates ranging from 14-47 percent throughout the year, underscoring the increasing demand for tech-oriented talent.

The FMCG sector followed suit, maintaining a positive growth trajectory across various quarters. The sector experienced a flat trend in Q1, peaking at 20 percent growth by Q3.

Similarly, pharma/biotech sectors continued to flourish, benefiting from ongoing healthcare demands.

While the banking and financial services sector exhibited modest growth throughout the year, the insurance sector surged in Q2 with a remarkable 37 percent growth, driven by the rising need for financial security after a subdued Q1.

This surge continued into Q3, showcasing a 23 percent growth primarily attributed to the increasing demand for financial protection as both companies and individuals focused on safeguarding themselves against uncertainties.

The manufacturing sector overall demonstrated consistent growth, achieving a 6 percent year-on-year growth in 2024.

According to the report, there was a noticeable uptick in fresher hiring trends in non-IT sectors during the latter half of the year.