NEW DELHI(PTI): India will start witnessing new job creations in the next three months as employment losses appear to be bottoming out, a senior government official said on Wednesday. "I expect in the next three months, post April ... We will start getting new jobs," commerce secretary G K Pillai told to TV news channel. With the global slowdown impacting India, lakhs of people, mainly in the export sector, lost jobs in the country.
A report by the Ministry of Labour had said that five lakh people were laid off in the country in the last three months of 2008-09. Pillai, however said there should be no more job-losses in the country.
"I think ... the job losses which have taken place are now almost reached a bottom, we are bottoming out, about 10-15 lakh jobs we have lost," he said.
On the country's exports which are on a downslide since October last year, Pillai said a target of $170-175 billion has been fixed for the current fiscal which India could achieve even when the global trade volume is expected to shrink by nine per cent in 2009.
"I think that we will be able to achieve it (2009-10 export target) with fine tuning in our policy," he said. India is expecting 8-9% growth in its export in the current fiscal
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India's exports dipped by over 12% in October for the first time in five years. The country's exports in 2007-08 were about $163 billion.
On exports of wheat, Pillai said, overseas shipments of the grain would be allowed after the completion of the Lok Sabha elections.
He also said a notification on safety norms for domestic toys manufacturers would be come in the next 60-days.
Source: THE TIMES OF INDIA
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A report by the Ministry of Labour had said that five lakh people were laid off in the country in the last three months of 2008-09. Pillai, however said there should be no more job-losses in the country.
"I think ... the job losses which have taken place are now almost reached a bottom, we are bottoming out, about 10-15 lakh jobs we have lost," he said.
On the country's exports which are on a downslide since October last year, Pillai said a target of $170-175 billion has been fixed for the current fiscal which India could achieve even when the global trade volume is expected to shrink by nine per cent in 2009.
"I think that we will be able to achieve it (2009-10 export target) with fine tuning in our policy," he said. India is expecting 8-9% growth in its export in the current fiscal
'
India's exports dipped by over 12% in October for the first time in five years. The country's exports in 2007-08 were about $163 billion.
On exports of wheat, Pillai said, overseas shipments of the grain would be allowed after the completion of the Lok Sabha elections.
He also said a notification on safety norms for domestic toys manufacturers would be come in the next 60-days.
Source: THE TIMES OF INDIA
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