Press Information Bureau
Government of India
Ministry of Labour & Employment
14-December-2011 16:36 IST
Job Loss due to Slowdown in Global Economy




         The Government has been continuously assessing the impact of global economic slowdown on employment situation in India since 2008. Labour Bureau has conducted twelve quarterly sample surveys in selected sectors namely textiles including apparels, leather, metals, automobiles, gems & jewellery, transport, IT/BPO and Handloom/Power loom. The broad results of the surveys are given in the annexure attached.

                The Government has taken various fiscal and monetary measures including three stimulus packages, implementation of the ‘Rajiv Gandhi Shramik Kalyan Yojana’ (wherein the insured worker and his family are entitled for 50% of wages up to a period of one year and medical benefits in the case of loss of Job), schemes such as Rashtriya Swasthya Bima Yojana, Aam Admi Bima Yojana, Indira Gandhi National Old Age pension Scheme, skill upgradation and vocational training programmes and the Mahatma Gandhi National Rural Employment Guarantee Act. These measures have broadly succeeded in mitigating the adverse impact of economic slowdown and protecting the interests of workers.

                The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in reply  to a written question in  Rajya Sabha today.


Click here to see Annexure