The Indian job market is witnessing an unprecedented dichotomy where a severe shortage of skilled and semi-skilled workers is leading to project delays and stalling of work for corporates even as marquee B-schools and engineering colleges struggle to place their fresh graduates.
The developers say their losses have run into several hundreds of crores. Also, they fear that construction labour that is sitting idle, might head back home, causing further disruption in the schedules, thereby delaying projects further.