United Nations Conference on Trade and Development ( UNCTAD) study About 1.3 million may lose jobs in 2009-10 in the export units due to re...
United Nations Conference on Trade and Development (UNCTAD) study About 1.3 million may lose jobs in 2009-10 in the export units due to recession in the developed countries.
The study said, during 2009-10, India's total exports are likely to dip by 2.2 per cent. "Petroleum products will experience the maximum decline in export growth followed by gems and jewellery, ores and minerals and textiles and its products," it said.
However, the situation will improve in the next fiscal, when new jobs would be created in the sector, which employs about 50 million people.
"In 2010-11, about 5.22 million jobs could be created. "No job losses are expected as all sectors are expected to experience positive export growth," it said In 2008-09, about 1.16 million people lost their jobs due to negative export growth in sectors such as textiles.
