India’s jobs market has started recovering.
With a slowing economy and the Covid-19 pandemic, Indian companies had begun to cut jobs in April. Those that didn’t take the layoffs route cut salaries for their employees. This scenario was made worse by India’s strict coronavirus lockdown in the months of April and May.
But once these lockdown rules were relaxed and businesses were allowed to operate with more ease, hiring activity picked up, according to Naukri.com, one of India’s largest job sites. Based on the listings on its platform, Naukri monitors recruitment activity for blue-collar jobs across sectors and cities in India to bring out the JobSpeak Index. A monthly index, it uses 2008 as the base year and 1,000 as the base value.
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