Multiple choice general knowledge

Recently we read in the newspapers that Indian manufacturing and service sector firms laid off a net 1.31 lakh employees during April-June period. Which among the following are the worst hit sectors ?

  1. Textiles & Jewellery

  2. Leather & automobiles

  3. Handloom & power loom

  4. Information Technology
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

During the economic slowdown of 2008-09, labor-intensive sectors like textiles and jewelry were among the worst hit due to declining global demand and export orders. The leather and automobile sectors also faced challenges but textiles and jewelry experienced maximum job losses. IT and handloom sectors were relatively less affected during this specific period.

AI explanation

News reports on that period's manufacturing/services layoffs identified textiles and jewellery as among the hardest-hit export-oriented sectors, driven by falling global demand. Leather, handloom, and IT saw comparatively smaller or differently timed impacts in that specific reporting period.

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