5 lakh lost jobs in September-December 2008: Govt | delhi | Hindustan Times
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5 lakh lost jobs in September-December 2008: Govt

The government on Friday said that 5 lakh people lost jobs during the four-month period ended December 2008 on account of economic slowdown in sectors including textiles, automobile and information technology.

delhi Updated: Feb 20, 2009 16:57 IST

The government on Friday said that 5 lakh people lost jobs during the four-month period ended December 2008 on account of economic slowdown in sectors including textiles, automobile and information technology.

"The total employment in all the sectors covered by the survey (conducted by the Labour Ministry) went down from 1.62 crore during September 2008 to 1.57 crore during December 2008, thus resulting in job losses of about half a million people," Corporate Affairs Minister Prem Chand Gupta said in a written reply in the Lok Sabha.

The assessment of job losses has been based on a quick sample survey by the Labour Bureau of the Labour and Employment Ministry.

The survey covered seven sectors including mines, textiles, metals, gems and jewellery, automobile, transport and IT/BPO.

Recalling the fiscal steps taken by the government to improve the situation, Gupta said the measures included "two packages announced on December 7, 2008, and January 2, 2009, (respectively) to provide fiscal stimulus" to the economy.