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EMPLOYMENT IN INDIA'S JEWELLERY SECTOR UP 3.80% IN JAN-MARCH.

AsiaPulse News

| June 08, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, June 8 Asia Pulse - India's gems and jewellery sector, hit hard by the global financial meltdown, has begun showing signs of improvement with employment reporting a 3.8 per cent increase during January-March 2009.

Having reported a massive 10.28 per cent dip in employment during October-December 2008, the sector increased its workforce during the last quarter of the previous fiscal, according to a survey commissioned by the Labour and Employment Ministry.

The sector, which primarily draws its income through exports to the US and European markets, suffered a major set back due the global financial meltdown triggered by collapse of America's iconic investment banker Lehman Brothers in September 2008.

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