Friday, January 14, 2011

Jobs in abundance in India, global crisis is gone

There is an improvement in employment numbers in almost all the sectors of our economy .This was told by the Finance minister Pranab Mukherjee on Wednesday. He said that Indian has now fully recovered from the global financial crisis. The minister was addressing the pre-budget meeting with the trade union leaders.

He told during the meeting that the Labour Bureau’s quarterly reports have shown an upward trend. Textile sector, IT/BPO industry, automobile industry and metal industry have shown quite a remarkable growth rate in employment. The export oriented industries too have shown this upward trend. All this lead to the conclusion that post crisis recovery has now come to stay in India.

Trade unions have asked for a ban on futures trading in food item in order to control growing inflation. They also want banning of big corporation and multi national firms into retail trade and banking operations. They also want making of stimulus packages for industry conditional on their employment plans.

Source: The Indian Express

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