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According to the CMIE, the unemployment rate of India has surged to a four-month high of 8.11% in April 2023.

India's unemployment rate surged to a four-month high in April 2023 at 8.11 percent, compared to 7.14 percent in March 2023 according to the Centre for Monitoring Indian Economy (CMIE).

* However a closer look at the data shows that the jobs situation is improving. The rise is in unemployment rate came on the back of higher labour participation, which has risen to 41.9 percent from 39.7 percent in March 2023.

* Rural India : 20.3 million people entered the workforce and 95% of them got jobs.

* Urban India : 5.2 million people entered the workforce, but only half of them got jobs..

Source : CNBC

Published On : May 3, 2023
Category : National