A study found that as many as 70,000 jobs were lost in the second quarter of the last fiscal because of falling exports. Nearly 70,000 workers were retrenched during the second quarter of 2015-16 due to sharp fall in merchandise exports, a report says. Decrease in livelihood opportunities in export units caused the retrenchment of around 70,000 workers during the said period, the report added. "There is a concern because most of the export-oriented units in the economy are dependent on contractual workers. So massive reduction in contractual jobs in these sectors might imply deteriorating conditions in the export units," the report said.

Source: dna September 18, 2016 06:22 UTC