New Delhi: Encouraged by signs of economic recovery, hiring activities grew across most of the sectors including oil & gas and insurance in October, says a report.

According to job portal Naukri.com’s Job Speak Index – which tracks monthly hiring activities online – recruitments in the country were up by 4 percent in October compared to September.

Sector-wise, oil & gas witnessed monthly growth of 30 percent in hiring while insurance sector registered an increase of 25 percent compared to September.

These were followed by telecom, BPO and pharmaceutical sectors which showed increase of 20 percent, 11 percent and 7 percent respectively, the report said.

However, hiring activities in sectors such as media & entertainment and construction & engineering have shown a decline of 7 percent and 6 percent last month.

“The current economic situation has started showing signs of recovery and this sentiment is getting echoed in the hiring pattern of the companies,” Info Edge (India) Group President Finance and CFO Ambarish Raghuvanshi said.

Region-wise, Bangalore witnessed the maximum improvement in hiring trends with 7 percent increase in October over September followed by Hyderabad with a growth of 6 percent.

Besides, National Capital region (Delhi-NCR) and Mumbai saw an increase of 3 percent each in October while hiring in Chennai rose by 2 percent.

“Monthly comparison shows Pune witnessing no growth while Kolkata was down by 7 percent in October 2013 as compared to September 2013 due to the festive season,” the report said.

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