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Realty, pharma sectors to lead job market

Construction and pharma sectors will lead the job market this fiscal as India Inc will create about 320,400 jobs between July and September, 2010.

Mail Today Bureau   New Delhi     Last Updated: October 2, 2010  | 11:42 IST

Construction and pharma sectors will lead the job market this fiscal as India Inc will create about 320,400 jobs between July and September, 2010, reveals the latest results of Ma Foi Randstad Employment Trends Survey.

Real estate and construction sectors lead the pack with the highest growth in the number of people employed by the sector. Not surprisingly, the sector expects growth in average salary by about four per cent followed by pharma (3.5 per cent) and healthcare ( 3.4 per cent) during the third quarter, the survey says.

The survey reveals that a total of 418,564 jobs were created between January and June, 2010 with the healthcare sector accounting for over 121,000 jobs. This was followed by the hospitality sector, which created 63,000 jobs.

New Delhi, Mumbai and Chennai are the leading job generators, creating 112,987 jobs for the period from January to September, 2010. Kolkata, Bangalore and Hyderabad follow closely by creating 30,000 plus jobs during the same period.

K. Pandia Rajan, managing director (MD) and chief executive officer (CEO), Ma Foi Randstad, said, "We see a clear trend of increased optimism in hiring spread across all sectors. We see the service sectors like healthcare and hospitality spearheading the boom by adding significant number of jobs.

"The top five sectors leading the boom are healthcare, hospitality, real estate and construction, IT and ITeS, education, training and consulting. Amongst the cities, Bangalore expects an increase in average salary by about 4.9 per cent followed by Delhi (3.5 per cent) and Pune (3.5 per cent) during the third quarter.

As per the survey, the healthcare sector is estimated to have the highest percentage of freshers at 38 per cent while Delhi has the highest estimated percentage of freshers at 35 per cent.

"The buoyant economy has given a boost to real estate and construction sector, which has demonstrated the highest growth in employment figures. We are positive that this trend will continue in the next quarter, too," Rajan said.

The survey was conducted among 650 companies across 13 industry segments that included 8 Indian cities.

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