India Textile Industry Will Intensify Its Layoffs

along with

With increasing pressure, tens of thousands of jobs are decreasing, and this trend is likely to continue.

The global financial turmoil is chilling, and even the developed economies are being affected.

The industry alliance reported that 700 thousand people had already lost their jobs, and this figure is expected to continue to expand.

Economic analysts believe that the current

Just touch the tip of the iceberg.

The sales figures for this year are lower than that of the same period last year.

Exporters face the worst.

Selling products, at the same time, they can keep the market.

Experts say the economic impact may persist until next year, or even longer, and there will be a very serious setback in 2009.

But this is not permanent. As long as the economy starts to improve, the situation may be totally different.

If the global economy does not recover, more dismissal notices will be issued in the coming months.