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Written by Divya Gupta
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One day after Diwali -- the Indian festival of lights – the Associated Chambers of Commerce and Industry (Assocham), an industry association, published a report on the job market. Titled- "Jobs Scenario Post-Diwali", the end-October survey said that seven key industrial sectors would see nearly 25% layoffs in the next two weeks.
Predictably, there was a huge outcry. Other chambers said the situation was not so dire. "We do not believe any immediate threat exists," noted FICCI (Federation of Indian Chambers of Commerce and Industry) president Rajeev Chandrasekhar. |
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