Dr Pawan Goyal, ED and Chief Business Officer, Naukri.com, says “the salary growth is expected to remain in single digits. This has moderated from the time period of 22 when the great resignation wave was underway. So, 6% to 7%, somewhere in that range is where we expect the salary growth.”
We were in fact quite surprised to see the consumer side starting to witness high demand. Talk to us about that to start with from that side.
Dr Pawan Goyal: If you look at the overall JobSpeak index, it has been flattish. It is minus three on a year-on-year basis and minus one on month-on-month basis. From a statistical standpoint, I would consider that flattish. Over the consumer sectors that are doing very well, is oil and gas; FMCG; travel, tourism, and hospitality; as well as auto. They have been consistently growing for several months at a time and April numbers are in line with that.
I want to get a sense from you regarding the IT software and services segment because for the first time in 15 months it reported a small growth.
Dr Pawan Goyal: Yes. So, this is the first time that we are seeing a 2% year-on-year growth. But from a statistical standpoint, we should say that the worst is behind but perhaps we cannot yet say that growth is back conclusively. At best, we can say