Unemployment Rate Rises To More Than Two-Year High: Report
NDTV
The overall rate rose to 10.05% last month from 7.09% in September, data from the Centre for Monitoring Indian Economy Ltd. showed, the highest since May 2021.
India's unemployment rate climbed to the highest in more than two years in October as joblessness in rural areas increased, according to a private research firm.
The overall rate rose to 10.05% last month from 7.09% in September, data from the Centre for Monitoring Indian Economy Ltd. showed, the highest since May 2021. Rural unemployment jumped to 10.82% from 6.2%, while the urban rate eased slightly to 8.44%.
The weakest monsoon rains in five years is weighing on farming output in the world's second-biggest producer of rice, wheat and sugar. In urban areas, though, economic activity has been relatively strong, with manufacturing and consumption expanding.
