Half a million Indians lost jobs between Sept-Dec 2008

NEW DELHI - Half a million people lost their jobs in India in the four-month period ended December 2008 due to the economic slowdown, the government informed parliament Friday.

By (DPA)

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Published: Fri 20 Feb 2009, 7:36 PM

Last updated: Thu 2 Apr 2015, 3:55 AM

The assessment of the job losses was based on a quick sample survey by the Labour Ministry of seven sectors hit by the downturn.

These included mines, textiles, metals, gems and jewellery, automobile, transport and the information technology and business process outsourcing.

The total employment in all the sectors covered by the survey conducted by the Labour Ministry went down from 16.2 million during September 2008 to 15.7 million in December 2008, resulting in job losses of about half a million people, federal Corporate Affairs Minister Prem Chand Gupta said in a written reply to parliament.

Gupta said the government had taken several measures to meet the situation, including two incentive packages announced on December 7 and January 2 aimed at stimulating the economy.


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