500,000 jobs lost in 3 months in India

recessionOver 500,000 people were rendered jobless between October to December 2008 due to the recession, according to the latest government study.

The findings are part of a first of its kind survey conducted by the Labour Bureau of ministry of Labour and Employment as part of a study on the effect of economic slowdown on employment in India.

A sample size of 2,581 units covering 20 centres across 11 states was taken up for the survey.

Sectors which are affected most are

  1. Textile and garment industry
  2. Metals and metal products
  3. Information technology and BPO
  4. Automobiles
  5. Gems & jewellery
  6. Transportation
  7. Construction and
  8. Mining industries

The total employment in all these sectors had come down from 16.2 million in September 2008 to 15.7 million by December

Source: Rediff

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