There is a lot of talk about economic recession nowadays. People are complaining how economic recession is making their lives worse. The economic recession often refers to the two quarters of negative economic growth. A severe recession which lasts for more than two years, becomes a depression.

A recession is characterized by rising unemployment, increase in government borrowing, decrease of share and stock prices, and falling investment. All of these characteristics have effects on people.

People have a general understanding of the recessions' negative effects. But how does an ordinary consumer get affected by a recession, employment in particular is not really clear. In India,we have negative effects of recession too on our employment situation.A large number of our IT/computer professionals are employed in USA,UK,Canada,China & Australia.Many of them are working in MNC's in India.Now they are facing retrenchment in their companies worsening employment situation of India.

It's our failure so far that our Government has not laid down any fruitful policy to give employment to our technical professional immediately they completed their courses.We have allowed them to seek their jobs anywhere on any terms,may be on lesser salaries than they actually deserve,thus allowing wastage of our manpower.This is a unwanted,undesirable situation. This is to be rectified by a well thought practical policy on employment.