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Tuesday, August 11, 2009

India affecting Recession

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JOB CUTS is the most terrible word for any employeer and employee. With the market turning worse and expensive job cuts are shattering many lives.With Recessions big impact private companies are opting for low profile in terms of selections. In India Job cuts are not seen in a major amount besides cost cutting factor, where big private companies and off shore business are showing their losses the sectors like Handlooms, Real estates, Hospitals, Insurance companies, Retailing and many are providing many options for jobs and entreprenureship.
India has emerged as the second most optimistic nation across the world in terms consumer confidence level, with a majority of people having bullish opinion about job prospects, personal finances and their willingness to spend in the next 12 months, a survey has said.

According to the survey conducted by global consultancy firm The Nielsen, consumer confidence in India is on upswing, registering a 13 point rise to 112 index points in the second quarter after Indonesia (113 points).

"The recent elections in India have had a positive effect on Indians' sentiments towards its economy. With the UPA government back in power for the second term, consumers are more confident that political and policy continuity will help recover the Indian economy," The Nielsen Company Associate Director Consumer Research Vatsala Pant said.

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