India second in consumer confidence index

Despite a marginal slowdown in growth, India still ranks second after Norway in consumer confidence and their attitude towards recession, says a survey by a global information and media consultancy. "One market's trash is another's treasure, Norway and India still ride the wave of economic slowdown," says the Nielsen Global Online Consumer Survey conducted among 28,153 Internet users in 51 markets in Europe, Asia Pacific, the Americas and the Middle East.

Aside from consistently high consumer confidence, the two most optimistic nations in the world, Norway and India, share something in common: Their economies are benefiting from the by-products of economic slowdown. The survey says India will see its employment rate rise in inverse proportion to rich nations, thanks to the country's enthusiastic adoption of work-force optimisation practices and the outsourcing bug.

India has established itself as a hub for outsourcing technical and support staff, as belts in the world's leading economies tighten. We may well see India's economy, and the confidence of its consumers, soar. The Nielson survey says 94 percent of Norwegians and 86 percent of Indians were optimistic about their job prospects over the next year, while a staggering 93 percent Portuguese and 89 percent Japanese felt their job prospects were either not so good or downright bad.

The survey says consumers in three of the world's most developed economies - the US, Japan and New Zealand, have taken a serious turn in the last few months. Not surprisingly, consumer confidence has fared badly in the US, the world's largest economy and epicentre of the sub-prime housing and credit crises. The survey says consumer confidence fell in 39 out of 48 countries, with New Zealand, the US and Latvia suffering the deepest declines. "No region or country has been spared the domino effect of the US sub-prime and credit crisis", observed David Parma, global head of customized research for The Nielsen Company.

"The last six months have been the most turbulent period for the global economy in several decades. When the USA sneezed at the outset of the sub prime disaster nearly a year ago, the rest of the world quickly caught a cold," he said. "Consumers around the world are struggling with the same global issues that are impacting their daily lives. It's an unfortunate pendulum." Parma said on the one hand the world was witness to soaring global crude oil and commodity prices and rising interest rates, while on the other there was a fall in property prices, weakening labour markets and falling industrial output.

Indian Business | Jobs Sector Latest Updates

With increase in Fdi's there have been a lot of growth in job sector in India and it has been predicted that in 2008 hospitality industry would provide largest job oppurtunities ahead of the IT sector which has been market leader in providing jobs to fresh graduates and use them as tech coolies. also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.
Job Sector Latest Updates / Latest Jobs Openings:

April 2008 Jobs Updates :

• ICSI targets to create pool of 50000 professionals by 2015 - (20/4/2008)
• IT industry goes slow on hiring, courtesy US slowdown - (19/4/2008)
• Govt set to outsource recruitment for jobs - (19/4/2008)
• Gokak to recruit 400 hearing and speech impaired personnel - (18/4/2008)
• Australian bank to shift 500 jobs to India - (18/4/2008)
• Qatar set to ease sponsorship laws for foreign workers - (18/4/2008)
• SC, HC judges discuss 10-fold salary increase - (18/4/2008)
• IIT-M grads prefer old economy to new - (18/4/2008)
• Executive hiring set to slow in Asia - (17/4/2008)
• IITians prefer India over foreign nations for career avenues - (16/4/2008)
• Overall global employment expected to increase by around 40 mn - (16/4/2008)
• Infosys workforce to cross 100,000 mark this year - (16/4/2008)
• Malaysia to stop using foreign workers, says minister - (16/4/2008)
• Indians top Norway list of skilled workers - (16/4/2008)
• KPMG to add 2,000 more employees in India by ’10 - (15/4/2008)
• CSIR unveils incentives for its scientists - (13/4/2008)
• Sixteen GNDU students placed with Tech Mahindra - (12/4/2008)
• Labour Commissioner asks for implementing minimum wages - (12/4/2008)
• Andhra Pradesh starts overseas recruitment agency - (12/4/2008)
• Nath aims to bring 1 crore new jobs - (12/4/2008)
• Indians not paid for seven months in Kuwait - (11/4/2008)
• Bihar's highest migrant earnings come from Delhi - (11/4/2008)
• Failing to recruit qualified engineers, UK firm turns to India - (11/4/2008)
• Bill to impose sanctions against nations who refuse to take back illegal migrants - (11/4/2008)
• RIL's Jamnagar refinery is a rich well of talent - (11/4/2008)
• Indians may get a quick passage to Canada - (11/4/2008)
• Salaries of management graduates jump 22% this year: Report - (9/4/2008)
• Diverse backgrounds find favour with employers - (9/4/2008)
• Temporary staffers continue to find favour with India: Study - (9/4/2008)
• Innovation is the key for retaining talent too - (9/4/2008)
• 107 officers seek pre-mature retirement in 15 days - (8/4/2008)
• Indian finance executives get highest pay hike in Asia - (8/4/2008)
• Pvt life insurance cos in the hunt for sales team leaders - (8/4/2008)
• No slowdown impact on B-School placements - (8/4/2008)
• Expats make up 99 per cent of private sector staff
• Job losses hit; recession fears begin to haunt
• Defence ministry to look into pay problems: Antony
• PSUs seek freedom to fix variables like allowances and perks
  - HUL AGM okays higher pay for honchos
  
  - MIC seeks 8% job quota for Malaysian Indians
  
  - India plans joint labour management system with UAE, Bahrain
  
  - HUL announces performance-linked bonus for staff
  
  - Value of Indian workers' wages in Gulf may fall
  
  - Indian doctors, nurses in demand in UK, US
  
  - ISB 2008 batch gets Rs 19 lakh average placement offer
  
  - Orissa police personnel demand salary hike
  
  - Accentia to increase headcount to 5,500 by end of FY09
  
  - Samsung to hire 2,000 engineers by 2010
  
  - More ISB graduates join crorepati club
  
  - Lack of skilled manpower threat to PE companies
  
  - Sushma Nath to be new expenditure secy
  
  - Shareholders fret as PSU employees celebrate pay hike
  
  - Coffee chain growth makes brewing a better career option
  
  - Law firms hike salaries to retain talent as foreign cos troop in
  
  - Sushma Nath to be new expenditure sectary
  
  - Expats warm up to growth sectors as salaries zoom
  
  - India, Kuwait agree on model contract for jobseekers
  
  - Govt employees to get effective salary hike of 28%
  
  - Flexible hours will help women take care of kids
  
  - Pay panel's performance-based scheme to energise employees
  
  - No more 'Sahayaks' for Para-Military officers: Pay Commission
  
  - Haryana to implement 6th Pay Commission recommendations
  
  - NTPC to step up hiring of engineers
  
  - IT cos, investment banks eye economics graduates