Wednesday, 22 February 2012

Half-a-Million Reasons to Cheer Amid Slowdown

This was the headline in Economics Times ( 9 Dec, 2011 )
In support , article says :
 State run banks plan to hire as many as 500,000 in the next few years
 To fill 50,000 jobs, 4,400,000 candidates will appear for common recruitment test ( for position of clerks ), by Dec 2011
 A few weeks back, some 1,050,000 candidates appeared for examination for Officers’ post
 In the meantime , private-sector banks did not fill 200,000 positions that fell vacant during last decade
 That helped private – sector banks to increase their “ business per employee “ from Rs 38 million in 2005 to Rs 1,00 million in 2011
Unanswered Questions :
When will India create enough jobs for,
 42 Million youngsters registered with 900+ Employment Exchanges ?
 3.5 Million graduates passing out of colleges every year ?
 16 Million addition to job – market every year ?
With regards
hemen parekh

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