Job generation plummeted 21% between Jan-Dec 15

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Job generation during 2012 saw a 21 per cent decline across various sectors of the economy between January and mid-December, according to an ASSOCHAM analysis. (Reuters) Job generation during 2012 saw a 21 per cent decline across various sectors of the economy between January and mid-December, according to an ASSOCHAM analysis. (Reuters)
SummaryJob generation during 2012 saw 21% decline across various sectors of economy between Jan and Dec.

half of the current year was the highest in Bangalore as the city generated about 41,500 jobs between January-June 2012 as against 8,600 jobs that were generated in the last six months of 2011 thereby registering a growth of over 381 per cent.

Mumbai (259 per cent), Hyderabad (114 per cent), Ahmedabad (93 per cent), Chennai (81 per cent), Jaipur (33 per cent), Lucknow (12 per cent) and Coimbatore (six per cent) were other cities that registered growth in job generation during the first half of the year.

While, the job generation declined in most of the cities in the later half of the on-going year, Kochi registered highest job generation growth of over 30 per cent during the period. The number of jobs in the city increased from over 1,500 in January-June this year to over 2,000 between July- December 15.

Agra (14 per cent), Ajmer (12 per cent), Udaipur (10 per cent), Kota (seven per cent), Kanpur (five per cent), Vellore (five per cent) and Jalandhar (four per cent) were other cities that registered upward spiralling growth in job generation during the second half of the year.

Employment generation growth rate in India declined by about 15 per cent between July-December 15 as against a decline of over 25 per cent during the first six months of the year, said Rawat.

"This change is presumably due to slew of positive steps taken by the government during this period," he added.

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