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Job generation in Kolkata goes down by 33%
Publication Date : 21-08-2012
Job generation in Kolkata dived 33 per cent in the first quarter of this year, compared to the fourth quarter last year, according to a survey by the Associated Chambers of Commerce and Industry of India (Assocham).
There was a dip of over 20 per cent across India, in a sign that the job market is slowing, said D S Rawat, national general secretary of the industry body. “This basically reinforces the picture that employers in India are turning very cautious in the wake of the global economic slowdown which has also led to a sharp decline in attrition levels at India Inc,” said Rawat.
Assocham called the Kolkata figure of 5,400 jobs “paltry” compared to the Delhi-NCR, where 29,000 jobs were added. A team of researchers at Assocham monitored vacancies posted on online job portals and advertisements in newspapers and journals in 56 cities and 32 sectors.
While the education sector continues to grow, with a 41 per cent growth in jobs according to the survey, other sectors like information technology, banking and financial services saw job creation dip between six and 31 per cent during the past two quarters.
In Kolkata, 1,900 of the new jobs were in the information technology field, while banking accounted for 341, education for 307, manufacturing for 275 and financial services for 256, the survey found.