5 lakh jobs created in India after stimulus: ILO report | delhi | Hindustan Times
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5 lakh jobs created in India after stimulus: ILO report

Five lakh jobs were created in India in the third quarter this year after the government announced stimulus packages, an ILO report released on Monday said but warned against early exit from such support measure, saying it could delay recovery of the job market for years.

delhi Updated: Dec 07, 2009 21:16 IST

Five lakh jobs were created in India in the third quarter this year after the government announced stimulus packages, an ILO report released on Monday said but warned against early exit from such support measure, saying it could delay recovery of the job market for years.

The report said while five lakh new jobs have been created in some high growth industries, the overall earnings of workers have, however, declined by 1.3 per cent in the second quarter.

"The jobs created are of a contractual and casual nature without security of employment and social protection," the report titled 'World of Work Report 2009: The Global Jobs Crisis and Beyond' said.

Stating that the slowdown in the economy has had an adverse impact on the quality of employment, the report stressed on the need for continued monitory and fiscal support for a sustained recovery process of the employment sector.

"Adverse impact on the quality of employment could further increase informal employment, which currently stands at 93 per cent of the workforce," the report said.

Although the report finds employment in high carbon intensive industries relatively low in India (15 per cent) compared to other countries, it said measures to increase energy efficiency would prove beneficial for supporting more productive and greener employment opportunities.