Global Slowdown Hits Indian Job Market

It is the impact of the global slowdown, many people have lost their jobs in India. The professional in need of job but the market is negative in the global economy downturn. Many sectors have suffered and resulted huge job loss in India.

According to a study conducted by the Labour Bureau, around 1.71 lakh people have lost their jobs in last three months this year. The major reason for the job loss is said the to be the lay-off by the companies. The impact of the economic slowdown is high on medium and small organizations.

The outsourcing industries in India have hit due the the slowdown and where as other sectors like textile, export have suffered huge loss. Which resulted job loss in India, due to the global slowdown many companies have adopted lay-off as the measures to cost cutting.