You should move to these cities if you are looking for a job

While the economic situation in the country has been quite deplorable, the job scenario has been even worse. Employment growth has stagnated over the past two years. According to a recent Goldman Sachs report, the country reportedly added only two million (20 lakh) jobs every year.

However, according to a Team Lease Employment Outlook Report, following the Lok Sabha elections this year, there will be a sentiment boost leading to more employment opportunities during April and September. The report says that there will be an optimistic outlook after the elections and new policies are expected to usher in a new regime in India Inc.

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So, if you are looking for a job, where should you go? The report notes that the top gaining cities in employment outlook trends are Mumbai (up 4%), Bangalore (5%) and Ahmedabad (4%). Delhi (4%) is projected to have an upswing in its business outlook trend. Kolkata and Chennai are the biggest losers in terms of employment outlook (both down 1% on employment outlook). Business outlookfor Hyderabad, Pune and Chennai is down 2 percent.

The Team Lease report notes that after a bearish sentiment in the previous half year (HY2: Oct-Mar 2014), businesses are optimistic about the employment outlook in the upcoming half year (HY1: Apr-Sep 2015). In fact, most respondents in their survey said that the forthcoming half year HY1 would see an increase in hiring needs across their organisations.

According to the report, most cities have a positive hiring outlook in the forthcoming half year. The graph shows that Bangalore will see a boost in their job market as compared to the previous year. Ahmedabad and Mumbai also see a 4 percent growth in their job outlook.

Earlier, Goldman Sachs, in its report had said that 40 million new manufacturing jobs can be created in a decade if states follow flexible labour laws like in Gujarat. Besides labour laws, implementation of proper reforms in other areas such as subsidies, can lead to overall job gains rising to 110 million over the next 10 years, the largest for any major economy, it had said.

In terms of business outlook, Delhi tops the list. Hyderabad, Ahmedabad and Mumbai also would register a growth in the forthcoming half year HY1, but not as significant as Delhi.

The survey was conducted across eight industry sectors including big and small and in eight cities across India.