Banking and financial services have seen a decline of over 32 per cent in October, while construction and engineering have seen a decline in new jobs by almost 22 per cent since July 2008.
Interestingly, the BPO industry has witnessed a slight bounce back by 10 per cent in October after witnessing a decline in new jobs in August and September.
The telecom industry which was looking up in August and September had seen an increase in jobs, while October witnessed a dip of 17 per cent indexed to July. The fluctuation could be owing to the festive season, the study said.
The pharma industry has been comparatively less affected with a fall in the index of less than 15 per cent. Niche sectors like government and legal have seen an increase in new jobs.
Image: MindTree Coromandel, Chennai. | Photograph, courtesy: MindTree Consulting Website
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