Impact of Recession on India : Study by Indian Labour Department

Labour Bureau of ministry of Labour and Employment has released the findings of a study on the effect of economic slowdown on employment in ...

Labour Bureau of ministry of Labour and Employment has released the findings of a study on the effect of economic slowdown on employment in India.
  • A sample size of 2581 units covering 20 centres across 11 states was taken up for the survey. 
  • 5 Lakh people were rendered jobless between October to December 2008
  • Eight major sectors like textile and garment industry, metals and metal products, Information Technology and BPO, automobiles, gems & jewellery, transportation, construction and mining industries were also included in the survey.
  • Exporting units had observed a higher decline in employment with gems & jewellery sector shedding 8.43% of its work force.
  • This is followed by metals and textile sector which laid off 2.6% and 1.29% of their work force respectively.
  • Among the domestic sector units, gems & jewellery sector again witnessed the maximum decline in employment with 11.9% of their work force losing jobs.
  • This was followed by automobiles and transport sectors who shed 4.79% and 4.03% of their work force.

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