The current oil crisis and depreciation in the value of the rupee against the US dollar have hampered imports and accordingly slow industrial growth thus creating a drop in fresh employment. Uneven costs and uncertain returns in international trade have further restrained the growth of fresh employment in the industry.
There is great scope to provide fresh employment opportunities in the financial sector despite lower salary payments than the IT industry. In the long run, the IT industry will show greater stability and support the overall economic performance of the country.
C Gopinath Nair Kochi
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