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Falling exports can impact jobs

Falling exports can impact jobs
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Falling merchandise exports may lead to job loss, according to top official in Engineering Export Promotion Council (EEPC). EEPC chairman TS Bhasin said over 100,000 employees in engineering may lose their jobs as engineering exports could fall to near $60 billion in the current fiscal year from$72 billion.

New Delhi: Falling merchandise exports may lead to job loss, according to top official in Engineering Export Promotion Council (EEPC). EEPC chairman TS Bhasin said over 100,000 employees in engineering may lose their jobs as engineering exports could fall to near $60 billion in the current fiscal year from$72 billion. "My own exports are down by more than 30 per cent, forcing me to retrench contract workers," and sell in the local market at a lower price," he said.

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