Delhi has emerged as the number one job-creating city as the IT and IT-enabled (ITeS) sector maintained its supremacy in terms of generating employment for the white-collar graduates and post-graduates passing out from universities and professional colleges. Of the 6,175 job placements, tracked by an Assocham study, employers in Delhi advertised for 1,495 vacancies, followed by Mumbai which sought to fill up 1,344 vacancies.
Bangalore maintained its position as third-best job city recording 19 per cent of the total placements tracked, while Chennai took the fourth spot with 623 employment offers.
The sales and marketing sector came second followed by the engineering sector which sought to fill up as many as 1,050 vacancies or 17 per cent, of the all the jobs tracked by the study.
Within engineering, most of the employment was coming from the civil engineering sector. The financial sector, which enjoyed the second spot in the previous study, had slipped down to fourth position this time with a share of 11 per cent in the total tracked job offerings. Mumbai was the largest job provider in this sector with 220 vacancies.
Within IT and ITeS sector, even though the BPOs were leading with 57 per cent of the 2,579 positions advertised in the sample survey, the recruitment in software services had also bounced back and companies were on a hiring spree, according to the study.
Delhi has more jobs than Mumbai
April 24, 2006, 10:01 am2006 should be year of economic reforms: IMF
April 24, 2006, 10:00 am
The International Monetary Fund’s (IMF) governing body said 2006 should be a year of economic reforms, in light of looming dangers to global growth such as the high price of oil and protectionist policies.
"While we are seeing strong expansion in the global economy, this is a time of profound change as a result of globalisation, and it is also a time of risk, especially from high and volatile oil prices and the dangers of protectionism," said Gordon Brown, chairman of the IMF’s International Monetary and Financial Committee (IMFC) on Saturday.
In a statement, the IMFC said that major risks to global economic growth, such as the high price of oil, protectionism, the possibility of a bird-flu pandemic, or an abrupt shift in global financial market conditions, "have yet to be comprehensively addressed".
The IMFC called on the US to increase its national savings rate, on Europe and Japan to undertake structural reforms that would boost growth, and on some emerging economies to allow greater exchange rate flexibility.
"Given economic inter-linkages, all countries and regions will have a role to play by increasing the flexibility of their economies and adapting to changing global demand patterns," the IMFC said.
The committee said that the IMF should take steps to become more engaged in multilateral surveillance of economies. This would make it possible to identify potential problems sooner and prevent crises, Mr Brown said.
The committee said that the IMF’s "effectiveness and credibility as a cooperative institution must be safeguarded and its governance further enhanced, emphasising the importance of fair representation for all members."
"While we are seeing strong expansion in the global economy, this is a time of profound change as a result of globalisation, and it is also a time of risk, especially from high and volatile oil prices and the dangers of protectionism," said Gordon Brown, chairman of the IMF’s International Monetary and Financial Committee (IMFC) on Saturday.
In a statement, the IMFC said that major risks to global economic growth, such as the high price of oil, protectionism, the possibility of a bird-flu pandemic, or an abrupt shift in global financial market conditions, "have yet to be comprehensively addressed".
The IMFC called on the US to increase its national savings rate, on Europe and Japan to undertake structural reforms that would boost growth, and on some emerging economies to allow greater exchange rate flexibility.
"Given economic inter-linkages, all countries and regions will have a role to play by increasing the flexibility of their economies and adapting to changing global demand patterns," the IMFC said.
The committee said that the IMF should take steps to become more engaged in multilateral surveillance of economies. This would make it possible to identify potential problems sooner and prevent crises, Mr Brown said.
The committee said that the IMF’s "effectiveness and credibility as a cooperative institution must be safeguarded and its governance further enhanced, emphasising the importance of fair representation for all members."
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