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Firms haven't stopped recruiting. They just give this excuse to people like you who are perceived as unfit.
No, its Nehru, Indira Gandhi, and dynastic politics and corruption of the INC for the last 60 years, which has led to the slowdown in hiring.
Last 10 years Modi has been in power. Did he catch you napping, Rip Van Winkle?
Everyone was getting jobs until the mughals came and demolished all law firm offices.