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10% rise in Chine apparel prices to create 1.2 Million Indian jobs : World Bank Report

Admin| Apr 29, 2016 - 10:31 AM

Rising wages in China presents a huge opportunity to the apparel sector in India with a possibility of creating up to 1.2 million jobs in the country, a World Bank report said today. 

Even a 10 per cent rise in Chinese apparel prices could create at least 1.2 million jobs in Indian apparel industry, the report estimates. 

"Rising costs of apparel manufacturing in China provides a window of opportunity for India to focus on apparel in productively employing its huge working-age populat......

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Startups in India cut Global Hiring

Admin| Apr 27, 2016 - 12:12 PM

Startups in India are no longer rushing to splurge up to $700,000 a year on executives from abroad. The number of such offers has dried up as much as 60-70% in the past few months, according to headhunters, who said the drive to contain costs has forced startups to rely mainly on local talent for filling senior positions. The cutback has been the sharpest at bigger firms such as Flipkart, Snapdeal and Zomato, headhunters said.

ET spoke to more than eight hiring firms includi......

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