Driven by IT sector, Karnataka is country's top job creator

Bengaluru: Karnataka has been ranked as the country's top job creating state with over 24 percent share during the fourth quarter of the last fiscal, according to a study.

It is followed by Maharashtra (23 percent) and Tamil Nadu (10.5 percent), said the study by Assocham.

Information technology (IT) sector created about 57 percent of about nine lakh job openings recorded between January-March, 2016, followed by services (19 percent) and manufacturing (11 percent), according to the report.

Banking, financial services and insurance (BFSI) sector accounted for just over eight per cent share followed by construction and real estate (3.5 percent share).

Within Karnataka, ITEs accounted for over 65 percent share in job openings across the state followed by services (16 percent), manufacturing (eight percent), BFSI (six percent) and construction and real estate sector (2.5 percent).

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.

Karnataka had recorded 2.16 lakh job openings in the first quarter of the last fiscal followed by Maharashtra (two lakh), Tamil Nadu (93,000), Andhra Pradesh and Telangana region combined (82,000) and Haryana (72,000).

Sector-wise, Karnataka leads in terms of job openings in ITES sector with 28 per cent share in over five lakh jobs created by the sector followed by Maharashtra (20.5 percent), Tamil Nadu (11 percent), Andhra Pradesh-Telangana (10 percent) and Uttar Pradesh (eight percent), it said.

Services sector recorded 1.69 lakh jobs in January-March quarter of 2015-16 with Maharashtra accounting for the "lion's share" of about 24 per cent followed by Karnataka (21 per cent), Haryana (8.4 percent), Uttar Pradesh (8.2 percent) and Andhra Pradesh-Telangana (8.1 percent).

In manufacturing sector, Maharashtra has recorded highest share with 22.5 percent in over 99,000 job openings, followed by Karnataka (19 percent), Tamil Nadu (12 percent), Andhra Pradesh-Telangana (nine percent) and Gujarat (eight percent).

Maharashtra also topped with highest share in job openings recorded in BFSI and construction and real estate with a share of about 31 percent in both sectors each, while Karnataka followed with a share of 18 percent and 17 percent respectively, it added.