Gujarat seventh in adding new jobs, reveals Assocham study

Ahmedabad: With creation of 42,530 jobs in the fourth quarter of financial year 2015-16, Gujarat ranked seventh in terms of job creation even with 5% share of total jobs created across India. Karnataka has emerged as numero uno in this regard with a share of over 24% of total jobs generated in the country, revealed a recent study by apex industry body Assocham.During January- March 2016, around 8.88 lakh jobs were created in various industry sectors of the country.
The study has revealed that states like Haryana and Uttar Pradesh created more jobs in the last quarter of FY16 than Gujarat.
Maharashtra (23%) was ranked second, followed by Tamil Nadu (10.5%), Andhra Pradesh and Telangana region combined (9%), Haryana (8%) and Uttar Pradesh (7.5%).
Within India, in manufacturing sector jobs, Gujarat had the highest share of 8% of over 99,000 jobs generated across the country, and about 7% share in jobs generated in construction and real estate and over 4% share in jobs created by banking, insurance and financial services (BFSI) sector.
Across the country, sector-wise, ITEs created about 57% of about close to nine lakh job openings recorded between January-March, 2016 followed by services (19%), manufacturing (11%), while banking, financial services and insurance (BFSI) sector contributed just over 8% jobs followed by construction and real estate with 3.5% share of jobs created.
ITEs remained the top job creating sector within Gujarat with a share of about 48% of jobs created in the state. However, ITEs jobs from Gujarat accounted for just 4% of the five lakh jobs generated in the sector across the country, the study highlighted.
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.
Amid other sectors, manufacturing accounted for 19.5% of jobs generated across Gujarat followed by services (19% approx.), BFSI (7.5%) and construction and real estate (5%).