News and Events of India

The effect of recession is going very high in the europian countries and mostly in the United States. But in comparison with UK and USA, the effect is still less in India. But after a survey, it is found that around five lakh people have lost their jobs in India due to recession in three months. Labour Bureau of ministry of labour and employment conducts a survey on national employment every year. This year also they have done the survey in all the employment sectors. They have covered 20 centers across 11 states of India and found that allmost five lakh jobs were vapourised from the month of October, 2008 to december, 2008. Not only information technology and BPO, but textile industry, construction, transportation, automobiles sectors were also there in the survey.

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