Hiring activity up 12% in July, most sectors report double-digit growth

White-collar hiring activity grew by 12 per cent in July compared to the same month last year as most sectors reported healthy double-digit growths, a report said on Friday.

India's white-collar hiring activity grew to 2,877 job postings in July 2024, registering a 12 per cent year-on-year increase compared to 2,573 during the corresponding month last year, according to the Naukri JobSpeak Index.

The Naukri JobSpeak is a monthly index representing India's job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com.

Most sectors reported healthy double digit growths, with pharma/biotech (26 per cent), FMCG (26 per cent), real estate (23 per cent), and AI-ML (47 per cent) leading the way, said the report.

However, the report said, it could be due to an impacted base of July 2023, when there was an atypical dip in hiring activity on account of IT sector's woes.

The IT sector experienced a healthy 17 per cent gro