CMIE claims rise of unemployment in India

New Delhi, Apr 3 (KNN) In March 2023 the unemployment rate in India has jumped to a three-month high of 7.8 per cent, as per the latest data released by the Centre for Monitoring Indian Economy (CMIE).

In urban areas, the unemployment rate was 8.4 per cent while in rural areas, it was 7.5 per cent. 

Representing a setback for the country's efforts to revive its economy in the aftermath of the COVID-19 pandemic this marks an increase from the 7.2 per cent unemployment rate recorded in February.

The rise in unemployment is likely to be a cause for concern for policymakers, who have been working to stimulate economic growth and create new jobs in the wake of the pandemic.

According to the state-wise data, the highest rate of unemployment was noted in Haryana (26.8%), Rajasthan (26.4%), Jammu and Kashmir (23.1%), Sikkim (20.7%), Bihar (17.6%) and Jharkhand (17.5%).

The lowest rates of unemployment were found in Uttarakhand and Chhattisgarh followed by Puducherry, Gujarat, Karnataka, Meghalaya, and Odisha.  (KNN Bureau)