Driven by IT sector, Karnataka is country’s top job creator

Monday, Apr 4, 2016,15:52 IST By Metrovaartha A A A

Bengaluru | Karnataka has been ranked as the country’s top job creating state with over 24 per cent share during the fourth quarter of the last fiscal, according to a study. It is followed by Maharashtra (23 per cent) and Tamil Nadu (10.5 per cent), said the study by Assocham.

Information technology (IT) sector created about 57 per cent of about nine lakh job openings recorded between January-March, 2016, followed by services (19 per cent) and manufacturing (11 per cent), according to the report. Banking, financial services and insurance (BFSI) sector accounted for just over eight per cent share followed by construction and real estate (3.5 per cent share). Within Karnataka, ITEs accounted for over 65 per cent share in job openings across the state followed by services (16 per cent), manufacturing (eight per cent), BFSI (six per cent) and construction and real estate sector (2.5 per cent).

The Assocham Economic Research Bureau (AERB) had analysed the data sourced primarily from vacancies posted by companies via various job portals together with advertisements offering employment opportunities published in national and regional dailies across India.

Karnataka had recorded 2.16 lakh job openings in the first quarter of the last fiscal followed by Maharashtra (two lakh), Tamil Nadu (93,000), Andhra Pradesh and Telangana region combined (82,000) and Haryana (72,000). Sector-wise, Karnataka leads in terms of job openings in ITES sector with 28 per cent share in over five lakh jobs created by the sector followed by Maharashtra (20.5 per cent), Tamil Nadu (11 per cent), Andhra Pradesh-Telangana (10 per cent) and Uttar Pradesh (eight per cent), it said.

Services sector recorded 1.69 lakh jobs in January-March quarter of 2015-16 with Maharashtra accounting for the lion’s share of about 24 per cent followed by Karnataka (21 per cent), Haryana (8.4 per cent), Uttar Pradesh (8.2 per cent) and Andhra Pradesh-Telangana (8.1 per cent).

In manufacturing sector, Maharashtra has recorded highest share with 22.5 per cent in over 99,000 job openings, followed by Karnataka (19 per cent), Tamil Nadu (12 per cent), Andhra Pradesh-Telangana (nine per cent) and Gujarat (eight per cent).

Maharashtra also topped with highest share in job openings recorded in BFSI and construction and real estate with a share of about 31 per cent in both sectors each, while Karnataka followed with a share of 18 per cent and 17 per cent respectively, it added.