Karnataka ranked as top job creating state

by news
April 5, 2016

Bengaluru: Karnataka has been ranked as the top job creating state with over 24 per cent during the fourth quarter of the last fiscal according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

It is followed by Maharashtra with 23 per cent and Tamil Nadu at 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 (8 per cent), BFSI (6 per cent) and construction and real estate sector (2.5 per cent).

The data analyzed by the ASSOCHAM Economic Research Bureau (AERB) was sourced from vacancies posted on job portals, regional and national dailies all over India.
Karnataka had recorded 2.16 lakh job openings in the first quarter of the last fiscal followed by Maharashtra (2 lakh), Tamil Nadu (93,000), Andhra Pradesh and Telangana region combined (82,000) and Haryana (72,000), are amid top five states in this regard.

Karnataka lead in the ITES sector with a share of 28 per cent with 5 lakh job openings followed by Maharashtra (20.5 per cent), Tamil Nadu (11 per cent), Andhra Pradesh-Telangana (10 per cent) and Uttar Pradesh (8 per cent).

Maharashtra topped the services sector with 24 per cent share 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).

Maharashtra has upper hand in the manufacturing sector too with 22.5 per cent share followed by Karnataka (19 per cent), Tamil Nadu (12 per cent), Andhra Pradesh-Telangana (9 per cent) and Gujarat (8 per cent).

The study also said that Maharashtra has the highest share in BFSI and construction and real estate with a share of about 31 per cent in both the sectors respectively followed by Karnataka with a share of 18 per cent and 17 per cent respectively.