Job creation down by 14 pc as against last year - April 1, 2013

When Assocham compared statistics for current Oct-March to that of the previous year’s it found job creation has fallen from 3.17 lakh to 2.72 lakh, a 14.1% drop.

When Assocham compared statistics for current Oct-March to that of the previous year’s it found job creation has fallen from 3.17 lakh to 2.72 lakh, a 14.1% drop. The main reasons attributed are slowing economy and unpredictable policies. The largest decline of 50% is in textiles, followed by logistics’ 41%, IT/hardware and FMCG that have seen a decline of 40.2% each and engineering 40%.

Source: www.economictimes.com, April 1, 2013. “Job creation declines by 14 pc to 2.72 lakh during Oct-Mar”

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