Indian employees fear losing their jobs: Survey

Posted By: Staff
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Mumbai, Jul 14: Even though many experts constantly tell the nation that the nation is recovering from the global economic slowdown, a new survey shows that the majority of the the Indians still feel that the job security scene is still dodgy.

According to a survey conducted by the research firm Boston Analytics, approximately 52 per cent of surveyed respondents said that there was a decrease in job security compared to 48 per cent in the May survey.

"The job market in India has been sending some mixed signals in recent months. Sentiment related to job security on an observed basis has fallen again in the last month, reaching its lowest level since August 2008," the report said.

Export oriented sections like gems, jewelery, textiles and leather along with sectors like information technology, construction, aviation, financial services and real estate that contribute to the majority of the country's GDP have seen downsizing due to recession.

At the same time, the expectations are high too. 22 per cent respondents feel unemployment will decrease in a year compared to 19 per cent in the May survey, the survey said.

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