According to Naukri's JobSpeak Index, March 2024 saw a 4% dip compared to the previous month, with an 11% correction year-on-year. However, certain sectors like oil and gas experienced a 22% increase in hiring.
AI and machine learning roles witnessed a 12% rise in demand, particularly for ML engineers with an 82% YoY growth. Startups showed an 8% YoY growth despite funding challenges, with a notable 77% increase in software services hiring.
Conversely, there was a decline in hiring in IT, BPO, and retail sectors by 16%, 6%, and 5% respectively. Pawan Goyal, Chief Business Officer of Naukri.com, expressed optimism for the Indian job market, citing positive trends ahead.