Business

The Job Circus

The acrobats swing blithely from perch to perch—the sheer wealth of possibilities only whets their appetite for risk. But beyond the ring sits asullen crowd: mere spectators.

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The Job Circus
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In a few sunrise sectors, and for the creamy layer, over 2.5 lakh jobs were created in 2003

  • IT and Software
    Jobs created in 2003: 75,000
    Projected in 2004: 1,00,000
  • BPO
    Jobs created in 2003: 1,10,000
    Projected in 2004: 1,50,000
  • Banking & Financial Services
    Jobs created in 2003: 25,000
    Projected in 2004: 30,000
  • Telecom
    Projected in 2004: 30,000-35,000
  • Organised Retail
    Jobs created in 2003: 25,000
    Projected in 2004: 40,000
No Jobs

Elsewhere, the number of jobless has grown to 27 million people, or 7.32 per cent of the work force. The figure will rise to 40 million by ’07.

Live register of employment exchange: 41 million

Jobless people by 2012: 70 million

Employment in organised sector

Public sectorPrivate sectorMillion
199786.8195.6282.4
199887.4194.2281.6
199987.0194.1281.1
200086.5193.1279.6
200186.5191.3267.8

Source: NSSO, Planning Commission

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