Job Creation Declines by 14 Pct to 2.72 Lakh during Oct-Mar

New Delhi: Job generation in India has declined by 14.1 percent to 2.72 lakh during October-March quarter in 2012-13 compared to the same period a year-ago due to slowdown in the economy, a survey has said.

During October-March 2011-12, 3.17 lakh jobs were created, industry body Assocham said in a survey.

"India's slowing economy and policy unpredictability had significantly slowed down the fresh investments and hurt job creation across the country," it said.

The chamber claimed that it has sourced inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals and job related advertisements published in national and regional newspapers in over 50 cities.

The survey said there was a decline in job creation in a number of sectors like textiles which witnessed a decline of about 50 percent, followed by logistics 41 percent, IT/hardware 40.2 percent, FMCG 40.2 percent and engineering 40 percent during October-March.

It said a total of over 5.38 lakh jobs were generated during the financial year 2012-13 across India, with 2.65 lakh jobs getting generated in first half of the year and 2.73 lakh jobs during second half of the financial year

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