Unemployment is the proportion of the labour force that is unemployed yet looking for work. According to figures released today by the Centre for Monitoring Indian Economy (CMIE), India unemployment rate increased to 8.3% in December, the highest level in 16 months, from 8% in November. According to the report, the India Unemployment rate in urban areas increased to 10.09% in December from 8.96% the previous month while it decreased in rural areas to 7.44% from 7.55%.
Indian Unemployment Rate
In order to mobilize public opinion on issues like high prices, unemployment, and what it calls the “divisive politics” of the BJP, the main opposition Congress organized a march from Kanyakumari to Srinagar in September. Rahul Gandhi, the Congress leader and the person in charge of both the 3,500-kilometer march on foot,
told journalists yesterday that India needed to shift its emphasis from growth with employment to growth with youth skill development, the advancement of manufacturing capabilities with export prospects, and growth with all three. The increase in India unemployment rate was “not as awful as it may seem,” according to Mahesh Vyas, managing director of the CMIE, as it came on top of a solid jump in the labor participation rate, which soared to 40.48 percent in December, the highest level in a year.
India Unemployment Rate Overview
|Article Title||India Unemployment Rate|
|Name||India Unemployment Rate|
|Indian Unemployment Rate in December||8.3%|
|Prime Minister||Narendra Modi|
Unemployment Rate 2023
Controlling high inflation and creating jobs for millions of young people entering the workforce before the next round of national elections in 2024 continue to be the government of Prime Minister Narendra Modi’s main challenges.From the southern city of Kanyakumari to Srinagar, in the Jammu and Kashmir region, the main opposition Congress party began a five-month cross-country march in September to mobilize public opinion on issues like high prices, india unemployment rate, and what it claims are the divisive politics of Modi’s Bharatiya Janata party.
Rahul Gandhi, senior leader of the Congress party, who is leading the party’s 3,500 kilometer (2,175 mile) march on foot, told reporters on Saturday that India needs to shift from a single focus on GDP growth to growth with employment, skilling of youth, and creating production capacities with export prospects. Government is trying their best to reduce India unemployment rate. According to separate quarterly figures prepared by the state-run National Statistical Office (NSO) and released in November, the unemployment rate decreased to 7.2% in the July-September quarter from 7.6% in the preceding quarter.
Unemployment Rate In India State Wise 2022
According to the most recent data provided by the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate increased to 8.30% in December from 8.00% in November, which was the highest level in 16 months. The figures on the CMIE website indicated that while the urban unemployment rate rose to 10.09% in December from 8.96% the previous month, the rural jobless rate decreased to 7.44% from 7.55%.
The highest unemployment rate in India State Wise 2022 last month was 37.4% in Haryana, while the lowest was 0.9% in Odisha. In addition to Haryana, double-digit unemployment rates are present in seven additional states, including the nation’s capital.
Unemployment Rate in India Year Wise
India’s unemployment rate in India year wise ranged from an all-time high of 23.50 percent in April 2020 to a record low of 6.40 percent in September 2022, with an average of 8.22 percent between those years. Below we have provided the unemployment rate in India year wise.
- The unemployment rate in India in 2021 was 5.98%, down 2.02% from the previous year.
- The unemployment rate in India for 2020 was 8.00%, up 2.73% from the previous year.
- The unemployment rate in India for 2019 was 5.27%, down 0.06% from 2018.
- In 2018, India’s unemployment rate dropped by 0.03% from the previous year to 5.33%.
Unemployment Rate In World
The criteria used to determine whether or not a person is employed differ from nation to nation. If a person works fewer than 15 hours per week, is not yet retired, and is able to begin working, they are typically regarded as being “unemployed” in many European nations. Unemployment rate in UK is not really good. Although it almost seems rational, many unemployed people are compelled to enroll in further education and training programmes, which prevent them from beginning employment while they are there.
The Marshall Islands, South Africa, and Kiribati are in the unfortunate top three in the global fight against unemployment. In our comparison of 64 nations, the unemployment rate in the UK comes in at number 28. Unemployment rates in Qatar, Cambodia, and the Cocos (Keeling) Islands are astoundingly low—less than 1%. However, as always, such numbers should be interpreted with caution. The definition of unemployment varies from nation to nation. The two concepts of being jobless and not having a job are frequently distinct.
FAQs related to India Unemployment Rate
How much has the India Unemployment Rate increased?
India Unemployment Rate Increased to 8.3% December in 2022.
How much is the India Unemployment Rate increase in urban areas?
India Unemployment Rate in urban areas increased to 10.9%
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