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Job losses of temporary nature- Montek

Shweta Suri


Government, on Friday announced that the series of job-cuts recently announced by the nations top-employers are not of permanent nature. This declaration was based on the expectation of achieving a strong GDP growth rate of 7 percent.


Deputy Chairman of Planning Commission Montek Singh Ahluwalia revealed the information, while he was interacting with reporters briefing about the stimulus package. He said that completely neutralizing the crumbling effect of financial tremors is not possible; however with the stimulus package, it can be minimized for sure.


He seemed quite optimistic regarding the growth rate of the economy and believes that this pace of progress is enough to sustain the increasing job demands.

 
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