IT and accounting jobs grew by upto 30% last year as auto hiring fell by 11%

• Every month a million people in India turn 18, ready to take up jobs.
  
• IT and software was the top job creators in 2019 followed by accounting and taxation, as per the data by Naukri JobSpeak.
  
• Among the other top performing industries are retail, BPO and ITeS, and education, with nearly 10% growth.
  
• Meanwhile, automotive, hotels and hospitality, BFSI and oil & gas are in urgent need for revival after sluggish growth and falling sales.

Every month a million people in India turn 18, ready to take up jobs. But the economic slowdown has cost India lakhs of jobs across industries.

According to an employment report by job search platform Naukri.com, the IT and software sector was the top job creator in 2019 as they grew by 29%. It is followed by accounting and taxation where jobs grew at 28%. The first half of the year witnessed the highest growth.


The job market for the accounting and taxation industry picked up pace in March last year, due to increased insistence on managerial efficiency by organizations.

Among the other top performing industries are retail, BPO & ITES, education & teaching with nearly 10% growth.

Meanwhile, automotive, hotels & hospitality, BFSI (Banking & Financial Services) and oil & gas are in urgent need of a revival after sluggish growth and falling sales in 2019. The auto sector alone — including dealerships and auto parts — slashed nearly 3.5 lakh jobs due to slowdown.

Hiring in the auto sector dropped by 11%. While the hospitality industry — which contributes 7% to the GDP of India — also showed a downward projection at 7%.

The report calculated hiring activity based on the job listings on the platform across industries, cities, experience level and functionality.

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