- 2012elections - 9/11 Special Coverage - aca - africanamericanalzheimers - aids - Alabama News Network - american - Awards & Expo - bees - bilingual - border - californiaeducation - Caribbean - cir - citizenship - climatechange - collgeinmiami - community - democrats - ecotourism - Elders - Election 2012 - elections2012 - escuelas - Ethnic Media in the News - Ethnicities - Events - Eye on Egypt - Fellowships - food - Foreclosures - Growing Up Poor in the Bay Area - Health Care Reform - healthyhungerfreekids - howtodie - humiliating - immigrants - Inside the Shadow Economy - kimjongun - Latin America - Law & Justice - Living - Media - memphismediaroundtable - Multimedia - NAM en Espaol - Politics & Governance - Religion - Richmond Pulse - Science & Technology - Sports - The Movement to Expand Health Care Access - Video - Voter Suppression - War & Conflict - 攔截盤查政策 - Top Stories - Immigration - Health - Economy - Education - Environment - Ethnic Media Headlines - International Affairs - NAM en Español - Occupy Protests - Youth Culture - Collaborative Reporting

10 Million Indians Fear Losing Export Unit Jobs

Rediff.com, Posted: Jan 07, 2009

Ten million people in India's service sector will lose their jobs by March 2009 as demand for goods in the international market dries up in the recession, reports Rediff.com. India's exports include handicrafts, leather, gems, textiles and knitwear. They account for 20 percent of the country's GDP and employ about 150 million people. "There will be 10 million job losses by March," said Federation of Indian Export Organisations president A. Sakthive. Of those anticipated lost jobs, the maximum brunt will be borne by textile workers. Exports had already contracted by 12.1 percent in October, the first decline in five years. They fell further in November. Europe and the United States account for 37 percent of India's exports. Exporters are now asking for the abolition of income taxes on export profits and a two-year moratorium for loans.

Page 1 of 1

-->




Advertisement


ADVERTISEMENT


Just Posted

NAM Coverage

Business