Ma Foi Employment Trends Survey finds high optimism in Indian employment outlook while Indian economy faces serious challenge
Harry Patil
Mar. 10, 2008

It is interesting to find that Indians expect 1 million new jobs mostly in hospitality sector while the economy faces hyperinflation slower growth prospects.

A Survey conducted by Ma Foi, one of India's largest human resource firm has predicted a three per cent increase in employment in 2008. Most of the jobs would be generated by hospitality sector.

The problem with that outlook is that it is based on past performance of the economy and consequential future projections by public and business sector. At the end of major business cycle booms, expectations are high and optimism reflects economic bubbles.

This is no different. Indian economy is faltering with high inflation and economic stagnation. The deep recession in US is slowing India very fast. The economic growth gan slow down much faster if outsourcing from US stops after US presidential election later this year.

Indian stock market is telling the world that a recession is imminent. Most like ly there will be loss of many millions jobs instead of a million job gain as predicted by the survey from the HR firm.

Ma Foi Employment Trends Survey finds high optimism in Indian employment outlook while Indian economy faces serious challenge
Harry Patil
Indian stock market is telling the world that a recession is imminent. Most like ly there will be loss of many millions jobs instead of a million job gain as predicted by the survey from the HR firm.
READ MORE>>

NAFTA was designed to make corporations rich at the cost of common people in US, Canada and Mexico – Clinton and Gore both got rewarded for their efforts
Partha Chatterjee
Ross Perot tried to expose Bill Clinton and Al Gore. He could not because these two spin artists specialized in brainwashing common people while working for the American corporations and the rich.
READ MORE>>

Defense outsourcing should be reversed – America cannot lose 20,000 more jobs from US Air Force outsourcing to Airbus
Tania Sailor
The recent US Air Force decision to award Airbus the $40 billion contract is deplorable. It just shows how less sensitive is the Bush Administration for the common people in America.
READ MORE>>

Where is Indian immigration control? '500,000 illegal Bangladeshi migrants living in Mumbai and millions are on their way to replace the north Indians'.
Nitin Agarwal
If North Indians are pushed out of Maharashtra, the space will be filled by another stream of Bangladeshis...These Bangladeshi illegals are pro Pakistani and many are Islamic terrorists ready to blow up Indian installations.
READ MORE>>

H2B - human rights abuse in US - slave treatment at a Mississippi shipyard?
Tania Sailor
These welders and pipe fitters were brought from India on legal visa. They allege that they live like pigs in a cage in a work camp run by Signal International in Pascagoula shipyard.
READ MORE>>

Bush inherited Clinton era inefficiencies and aggravated it many times to create the total economic mess
Preeti Siinghani
America does not need outsourcing, illegal immigrants, and HIB skilled temporary workers. America does not need trade agreements like failed NAFTA. America needs to pay its bills, use its own talent and be prosperous as well generous super power again.
READ MORE>>

The outsourced cyber slaves of India - work-related aches and pains dominate India’s IT and BPO industry
Harish Baliga
They try to sound American while talking to an AT&T customer in Ohio. They wait patiently as a woman in Nebraska reboots her Dell computer. They hear abusive words when an Household Finance Corporation mortgage client ....
READ MORE>>

MORE ARTICLES >>