Word: sectoral
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...seekers in India's tech sector, it's the best of times?and the worst. When Venugopal Rao Moram, a 29-year-old software engineer living in Bangalore, began looking for a new job in June this year, it took him just two weeks before he found the work he wanted?a position with Microsoft in the city of Hyderabad. "The moment you put your r?sum? on the Internet, the offers start coming in," says Moram, who's been working in the tech sector for six years. "Everyone looking for a job has at least five offers...
...India's tech sector is in the grip of an extraordinary paradox. With almost all tech companies on a hiring spree, there's never been more demand for ?lite employees who have attended the right colleges or have a few years' experience at a prestigious company. Yet for hundreds of thousands of starry-eyed young men and women who are drawn to the IT sector in the hope that it will provide a way out of India's crushing unemployment problem, the promise of a high-paying job is turning out to be a mirage...
...retain control by vigorously opposing both the IRCJ's and Wal-Mart's intervention. But with blood in the water, Japanese retailers Ito-Yokado and Aeon have expressed an interest in Daiei, too, leading analysts to predict that there could also be a takeover battle brewing in the retailing sector...
...unpromising as things are for ordinary Philippine workers, they are equally dismal for the government, which has been nursing a budget deficit that has ballooned fourfold since 1998 to $3.6 billion last year. Manila has been borrowing heavily to run the government?since 1998, public-sector debt has increased by 83% to $96.8 billion, a rate of growth that many say is unsustainable. Without significant changes, "we'll have bigger problems down the road," warns deputy central-bank governor Amando Tetangco, "including the possibility of a crisis...
...enshrined in the constitution that limits foreign investment in mining projects to only 40%. As a result, the country exports only about $630 million of minerals a year, even though the government sees a potential of $5 billion. In January, the Supreme Court dealt another blow to the sector when it ruled that the government cannot circumvent the law by offering foreign investors service contracts allowing them greater control over mining operations than the constitution permits. (The government is appealing the decision...