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This substantiates that companies are now moving to tier II and tier III cities to attract talent, cut operational expenses and remain competitive
Lucknow and Meerut have emerged as toppers in creating jobs in Uttar Pradesh in the first quarter (April-June) of the current financial year.
With 2,690 new jobs generated in Lucknow, the state Capital garnered a lion's share of 51 per cent in the total number of new jobs, followed by Meerut, which accounted for 16 per cent with 830 new jobs.
This was revealed in an analysis by the Associated Chambers of Commerce and Industry of India (Assocham), spanning six major UP cities, viz, Agra, Allahabad, Aligarh, Lucknow, Kanpur and Meerut during quarter one of 2013-14.
This substantiates that companies are now moving to tier II and tier III cities to attract talent, cut operational expenses and remain competitive, Assocham Secretary General D S Rawat said, while releasing the study.
The new jobs in these cities have primarily been generated in education and services sectors, followed by banking, financial services and insurance, information technology (IT), IT-enabled services (ITeS) and hardware, automobile, fast moving consumer goods and realty.
Lucknow and Kanpur clocked year-on-year (YoY) growth of over 58 per cent and 53 per cent, respectively. While fresh job generation in Meerut and Allahabad grew at about 21 per cent, the cities of Agra and Aligarh registered an annual growth of eight per cent.
Assocham tracked the data on a daily basis for vacancies posted by over 3,000 companies on various job portals, advertisements in job supplements of national and regional dailies and news journals for 56 cities and 32 sectors, offering employment opportunities.
A total of 1,25,500 new jobs were generated across India during the period, however, the new job generation growth had declined by about two per cent as over 1,27,700 new jobs were generated in the first quarter of last fiscal.
Delhi-NCR garnered maximum share of 27 per cent, registering a growth of more than 16 per cent in new job generation.
