Friday, March 13, 2009

Global economy set to shrink, India loses half-a-million jobs

The automobile, gems and jewellery and textiles sectors have shed half-a-million jobs in India, with more pain on the way as the world economy shrinks further, says a new World Bank repor.

With over half-a-million jobs lost in India alone, in recent months, the World Bank predicts that the global economy and global trade will both shrink this year for the first time since World War II.

r u Aware?

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