India Inc's hiring activity was up 17 per cent in February with telecom and

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auto sectors leading the rebound, a report by leading job portal said.

The portal's monthly Job Speak survey reflected renewed optimism among recruiters, with the new job index moving up to 947 in February compared to 808 in January.

This time the portal has introduced its new and expanded job index, which takes into account not only the jobs posted online by its clients but also those made by them with the help of the website's tele-calling team.

A year-on-year comparison of the job index shows a 14 per cent growth in February this year compared to the same month last year.

"Recruitment activity accelerated in February, reflecting underlying strength and positive momentum in the job market. The 'cautious optimism' that pervaded throughout the last year and a half has evaporated as most industry sectors are now looking to hire," Info Edge COO Hitesh Oberoi said.

Hiring activity for the top 10 industry sectors saw positive growth last month with telecom registering a 27 per cent growth in the reviewed month compared to same month last year.

The recruitment in IT-software and auto sectors moved up by 24 per cent and banking and insurance rose 14 per cent in February, it said.