India’s unemployment rose to 7.83 percent in April from 7.60 percent in March, according to data from the Center for Monitoring Indian Economy (CMIE).
Urban unemployment rose to 9.22 percent in April from 8.28 percent in March, while rural unemployment fell to 7.18 percent from 7.29 percent, the data showed. The highest unemployment rate of 34.5 percent was recorded in Haryana, followed by 28.8 percent in Rajasthan.
Slow economic recovery
Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices, a Reuters report said.
The data from the Mumbai-based CMIE also saw the declining labor force participation rate – the proportion of people in employment or looking for work among the working population. It dropped to 39.5 percent in March 2022 from the previous year’s 43.7 percent, according to CMIE’s previous data.
May 2, 2022