By March this headline rate may fall down to 7%. Definitely the effect will be fleeting. This will go on striping the food and fuel prices which runs at an annual rate of 10%. In this period also, government sectors are doing very well. Your needs and wishes will be fulfilled well by the government sector jobs and their pay scale. The inflation affects the government sector in some way but the jobs are on their good place. This may come as a surprise to several people. You should be well connected to the government employment news on continuous basis.
The food departments are working on a high note. As the food prices are going up again and again, the jobs in this sector would be really fulfilling. There are so many problems going on in the government sectors relating to the productivity of the food to the different areas but still it is managing well in the employment section. Well, making matters really worse are the rural jobs by the government and the agricultural procurement policies. India has an expensive rural unemployment assistance program that actually guarantees 100 days of work annually. This has pushed up the rural wages like nothing before. The original wages went up to 10% year-on-year in January 2010 and it has now accelerated more about 14% by May 2011.
This increment in the wages is not because of the productivity increment but because of the fact that government is handling up more money in a better way and that also without getting enough output in the return. This was not the case in a decade of 1999-2009. so, you can very well make it out, the development and progress of the government jobs in India.
These wages actually got indexed to inflation in the year 2011. Due to this the welfare program is getting well institutionalized in the form of a vicious wage-inflation spiral. You should get the idea that the higher food inflation now automatically translates into higher wages which is raising the input costs for almost all goods. It is like an economic shockwave. The rural wages are acting like the benchmark for construction and informal workers. Moreover, the pay scale in urban areas has risen in tandem. Overall, the government sector is performing very well and you must apply for it.
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