Govt slams Assocham’s doomsday jobs report
Taking strong exception to Assocham’s forecast that a quarter of people in certain key sectors will lose jobs in the next ten days, the Centre on Friday said the economy is poised for the other way. Following the criticism, Assocham withdrew the r...
By PTI |
NEW DELHI: Taking strong exception to Assocham���s forecast that a quarter of people in certain key sectors will lose jobs in the next ten days, the Centre on Friday said the economy is poised for the other way. Following the criticism, Assocham withdrew the report.
���The deputy chairman of the planning commission and my colleague Jairam Ramesh have taken serious exceptions to an Assocham report... The pace of job creation may slow down but that does not mean that jobs are being destroyed,��� finance minister P Chidambaram told reporters here.
The minister further said another industry chamber, Ficci, too had contradicted the Assocham study, which had said that in the next ten days or so about 25% to 30% employees are likely to lose jobs in seven sectors including aviation, information technology, steel, financial services, real estate, cement and construction.
Chidambaram further said that 7% growth rate, the lowest projection made by experts, would ���create more job than was done in entire NDA regime, when the growth was only 5.8%. Why this question was not raised when the economy was growing at 5.3%?���
Withdrawing its controversial report, Assocham on Friday said in a statement the report was ���not representative of the industrial segment in its totality.��� He said the ���analysis��� of job cuts was primarily in real estate, brokerage and investment advisory sectors.
���The chamber���s research team is now following up its recent analysis with a detailed survey on a much larger sample size.���
���The deputy chairman of the planning commission and my colleague Jairam Ramesh have taken serious exceptions to an Assocham report... The pace of job creation may slow down but that does not mean that jobs are being destroyed,��� finance minister P Chidambaram told reporters here.
The minister further said another industry chamber, Ficci, too had contradicted the Assocham study, which had said that in the next ten days or so about 25% to 30% employees are likely to lose jobs in seven sectors including aviation, information technology, steel, financial services, real estate, cement and construction.
Chidambaram further said that 7% growth rate, the lowest projection made by experts, would ���create more job than was done in entire NDA regime, when the growth was only 5.8%. Why this question was not raised when the economy was growing at 5.3%?���
Withdrawing its controversial report, Assocham on Friday said in a statement the report was ���not representative of the industrial segment in its totality.��� He said the ���analysis��� of job cuts was primarily in real estate, brokerage and investment advisory sectors.
���The chamber���s research team is now following up its recent analysis with a detailed survey on a much larger sample size.���
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