During the period of economic recession, stimulus packages were offered by the government that helped a lot in generating additional amount of employment with some 19% rise within the period of October-January 2009-10, expresses the study processes conducted by ASSOCHAM, Associated Chambers of Commerce and Industry of India.
Stimulus packages provided by international agencies and some other countries during the period of crises was of great help in the revival of exports and imports along with the revival of Indian-International trade, explained the study.
Event management and advertising were the other sectors that helped in generating additional employment. Around 65% additional employments was generated by consultancy services and research kind of sectors during October-January 2009-10 during the same period during last year, said the study.
Employment structure moved over by 27% in financial and insurance services with some growth in sectors like jewelry, telecom, engineering goods, gems, entertainment, media, warehousing and computer hardware.
However, employment growth in sectors such as banking reduced with 7% and negative growth of employment generation was registered in sectors like agriculture, textile sector, IT and FMCG, expressed the study.
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