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19Th July 2016
The latest Monster Employment Index (MEI) showed
the online recruitment activities saw a 17% growth over last year, a top
company official said on Monday. The
Total Investment & Insurance Solutions
"The overall growth rate, even though
lower than the past months, has continued to chart a double digit growth with
certain occupation groups like healthcare witnessing a steep year-on-year
growth of 41%," said Monster.com's Managing Director (APAC &
Middle-East) Sanjay Modi.
With the FDI liberalisation and the cabinet
reshuffle, optimism around recovery of the Indian job market can be restored,
he said.
The Education sector has been on the centre
stage after the slew of initiatives announced by the government during the
Union Budget 2016 to improve the state of the sector, the company said in a
statement.
This long term view of the education sector
witnessed a 65% year-on-year growth in online hiring activities of this sector. The Total Investment & Insurance
Solutions
According to the index, there has been a
significant slowdown in IT at a 40% growth, 22 points lower than in May 2016.
This could be attributed to the increasing focus on automation, a statement
said.
"This decline could be as a result of
the worldwide flat IT spending."
Despite the impetus on 'Make in India', the
production and manufacturing sector is down by 14% registered a steepest
month-on-month decline among all monitored sectors. The Total Investment & Insurance Solutions
With a 10% progress, banking/ financial
services, insurance continued to grow at a significantly moderated pace, it
said. The Total Investment &
Insurance Solutions
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