In April, the Indian startup landscape experienced a notable upswing, with a 37 percent rise in the establishment of new companies, contributing to a 14 percent uptick in job opportunities, as per findings unveiled on Thursday.
According to a report released by talent platform foundit (previously known as Monster APAC & ME), a significant portion—approximately 53 percent—of these job openings are earmarked for fresh talents.
The overall hiring situation was also upbeat, growing 9 percent from the preceding month, while mirroring an uptick on a year-over-year basis as well.
Sekhar Garisa, CEO of foundit, remarked on a significant trend, which is that the production and manufacturing sector hired 31 percent more people year-over-year.
Meanwhile, IT services startups noted continuous month-over-month growth in jobs, which have increased from 20 percent to 23 percent from April 2023 to this April.
On the other side of the coin, internet services, BFSI/fintech, and media and entertainment startups slightly dropped in hiring.
Startups in the education, e-learning, and edtech space reported consistent growth in April and reflects the stable phase of this niche.
Startup hubs are topped by Bengaluru, Delhi-NCR, and Mumbai. However, according to the report, the horizons of the Indian startup landscape are expanding, and non-metro cities are emerging as bustling entrepreneurial hubs.
Jaipur tops the growth charts with a whopping 24 percent year-on-year increase in hiring, followed by Kolkata.
Read also | State Bank of India's Fourth Quarter Profit Surges by 18% to Reach Rs 21,384 Crore
