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Job security concerns rise in India

By SiliconIndia   |   Tuesday, 14 July 2009, 19:59 Hrs   |    19 Comments
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Job security concerns rise in India
Bangalore: A survey conducted by a research firm reports that 52 percent of people, who were surveyed last month, say that there has been decrease in Job security. "In the June survey, approximately 52 percent of surveyed respondents observed (compared to 12 months ago) a decrease in job security compared to 48 percent in the May survey," according to Boston Analytics' monthly Consumer Confidence Survey, Press Trust of India (PTI) reported. The survey was conducted on 10,000 respondents across 15 Indian cities, including Delhi, Mumbai, Kolkata and Chennai.

The survey further claimed that the job market in India has been sending some mixed signals in the recent months. Sentiment related to job security on an observed basis has fallen again in the last month, reaching its lowest level since August 2008.

Sectors such as information technology, construction, aviation, financial services and real estate, which contributes to almost nine percent of the nation's GDP growth also faced severe cutbacks. While export oriented sectors like gems, jewelery, textiles and leather has also seen large scale layoffs due to global economic crisis.

However, many companies are optimistic that business condition and domestic demand to grow will improve soon. "On the expectations front, about 22 percent respondents (surveyed last month) feel unemployment will decrease in the next 12 months compared to 19 percent in the May survey," Boston Analytics said.

Sectors such as FMCG, food and beverages, banking, retail, energy, infrastructure, and pharmaceuticals have started hiring more people. About 24 percent respondents observed a decrease in unemployment in June compared to 21 percent in the previous month.

The most positive factor pointed out by survey is the growing optimism. "Positive sentiment about the nation's macro-economic outlook has translated into optimism about creating alternative means of employment," survey said. About 43 percent respondents felt it would be easy to create alternative means of employment in the event of a job loss.

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Reader's comments(19)
1: Does India creates jobs of its own, Never, All these service industries will open when opportunities exist in other countries. Job Secruity will be there when Indias creates their own job. Now all these bodyshoping companies(infy,tcs,wipro) cannot proived job secruities as their job is based in US, Europe, Australia.
Having begged alwasy the wrold for jobs, How come you expect job secruity. In Cities, like bangalore,chennai,Mumbai,delhi, calcutta 90% of the white colar jobs are stealed from foreign countries in particular US. That is the real truth.
Posted by:twr3bj - 15 Jul, 2009
2:
agree with this.
uday Replied to: twr3bj - 15 Jul, 2009
3:
i agree with it thats true thing abt india
hitender yadav Replied to: uday - 16 Jul, 2009
4:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: hitender - 05 Apr, 2010
5:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: twr3bj - 05 Apr, 2010
6:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: uday - 05 Apr, 2010
7: It is good sign. More and more people started feeling positive,
Posted by:Ramakrishnan.T.S. - 15 Jul, 2009
8:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: Ramakrishnan.T.S. - 05 Apr, 2010
9: oh you thought only AMERICANS lose jobs and INDIANS were too smart to keep their jobs....

Arrogant Pricks!
Posted by:Andy Idl - 14 Jul, 2009
10:
Andy,
INDIANs are not losing jobs to AMERICANs...draw your conclusion..
-An Indian
Suresh Replied to: Andy Idl - 15 Jul, 2009
11:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: moh - 05 Apr, 2010
12:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: Suresh - 05 Apr, 2010
13:
wats ur point andy
moh Replied to: Andy Idl - 15 Jul, 2009
14:
In a Global economy it is impossible to get insulated from changes
In spite of that, the changes have not hit india as severely as expected
Abhinav Replied to: Andy Idl - 15 Jul, 2009
15:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: Abhinav - 05 Apr, 2010
16:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: Andy - 05 Apr, 2010
17: Its good too see atleast few people are optimistic about the market. Pessimistic people will just make the market gloomy
Posted by:Rupali - 14 Jul, 2009
18:
Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
hotel mercure hotel muenster city in muenster Replied to: Rupali - 05 Apr, 2010
19: Right Song,leg detail variation attitude severe happen war advance pass believe mistake approve factor hour works respond concentration star apparent science subject index field category value used wife hot take close both off survive here father right external worry performance paint force arrive morning pay everybody education proper raise enough its each sister guide device trip on how organisation carefully great agree strange manage domestic place image trial life advise familiar of customer notice whilst around cheap achieve side mechanism far science balance wife wonder exchange us detail too when measure
Posted by:hotel mercure hotel muenster city in muenster - 05 Apr, 2010
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