While telecom, pharma and the BFSI sectors recorded growth, few sectors such as the BPO and ITES as well as the construction and engineering sector saw a year-on-year decline of 8 and 14 percent, respectively in the index in January 2015. The insurance and auto sectors also experienced a dip, with the index going down by 22 and 5 percent respectively in the same period.

Citywise, barring Delhi and Kolkata, which showed a decline of 3 and 18 percent respectively, most cities registered positive growth in their hiring activity in Jan 2015 when compared to Jan 2014. Pune and Bangalore saw maximum growth with their index going up by 14 and 13 percent respectively. Following closely were Mumbai and Chennai at 8 and 7 percent growth respectively in Jan 2015 when compared to Jan 2014.

Positive hiring activity was seen for professionals across top functional areas. The demand for HR, Accounts & Finance and IT Software professionals grew by 15, 6 and 9 percent respectively in Jan 2015 over Jan 2014. However, hiring for Marketing & Advertising professionals remained muted. 

There was also a dip of 7 percent in the demand for ITES and BPO professionals in Jan 2015 in comparison to Jan 2014. Even Production and Project Management professionals saw a steep decline of 19 percent in hiring in the same time period.

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