Sign of Achche Din: Employment increases by 5.21 lakh in FY'15; 64K in Jan-Mar

New Delhi, Oct 20: Employment in 8 sectors including IT/BPO, automobiles, gems & jewellery and textile rose by 5.21 lakh last fiscal, said a government report.

However, job creation in these 8 sectors which also include handloom/powerloom, leather, transport and metal remained little stressed in the January-March quarter at 64,000 over the previous quarter, as per Labour Bureau's '25th Quarterly Report on Changes in Employment'.

During the first three quarters of 2014-15, these sectors witnessed an overall increase in employment by 1.82 lakh, 1.58 lakh and 1.17 lakh over the previous quarters. As per the 24th report, the overall employment had reduced by 36,000 in the January-March quarter in 2013-14.

The report also stated that the overall employment increased by 2.76 lakh during 2013-14, lower than 5.21 lakh in the previous fiscal.

At industry level, the highest increase in employment is observed in IT/BPOs sector where jobs increased by 37,000 during January-March, over November-December, 2014, followed by textiles including apparel sector (24,000), automobiles sector (20,000) and metals sector (1,000).

The largest decrease in employment was recorded in leather sector (8,000) followed by gem & jewellery (6,000), transport (2,000) and handloom/powerloom (2,000). In the direct category of workers, employment has increased by 15,000 whereas for contract category of workers, it has increased by 49,000 during the quarter ended March, 2015 over December, 2014.

Employment in the exporting units has increased by 73,000 at overall level, whereas in the non-exporting units, it has decreased by 9,000 during January-March, 2015 over the previous quarter November-December, 2014.

Labour Bureau has been conducting a series of quarterly quick employment surveys since January, 2009 to study the impact of global economic slowdown on employment in Indian economy.

The first one was conducted to study the impact of economic slowdown on employment during the October-December quarter of 2008.

PTI