Wednesday, March 20, 2019

Signs of recession in India show in the Job applications to State Bank jobs

India is in a downturn.  And the recessionary times are clear.  State Bank of India recently received 1.7 million applications for just 1,500 entry-level clerk jobs!  The main attraction?  Good perks, obviously.. but “Job for life” status.

In fact for the Probationary Officers job, the perks at State Bank seem very lucrative, given the market.

For positions in Mumbai, the bank offered a starting package of 69,000 rupees (1,270 dollars) a month for the “probationary officers” including a housing allowance — an attractive perk in the expensive local real estate market.

Given how the market is now – with the growth reduced to 5% annually, jobs will become scarcer.  In fact 9 out of 10 Indians are in irregular jobs, where there is no job security and very few perks.

Unless the growth is re-activated, things will become worse for the job market in the coming days.


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The panache of a writer is proven by the creative pen he uses to transform the most mundane topic into a thrilling story. Desh - the author, critic and analyst uses the power of his pen to create thought-provoking pieces from ordinary topics of discussion. He writes on myriad interesting themes. Read the articles to know more about his views and "drishtikone".