A study by Engineering Export Promotion Council (EEPC) said around 15 lakh people in the engineering exports sector may have lost jobs during the 10-month period ending June this year due to the decline in export orders from the overseas markets, reports Economic Times.

About 37 per cent workers in the engineering exports sector, which employs about 40 lakh people, could lose jobs due to demand recession in the US and the European Union.

The sector, accounting for about 23 per cent of India’s export kitty and nearly eight per cent of the total employment, has been facing rough weather since the second-half of 2008-09 with exports slowing by a huge 34.2 per cent in March 2009.