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Coronavirus effect: Unemployment rate rises to 23.48% in May, says CMIE

India has reported 190,535 coronavirus cases, with 5,394 deaths

twitter-logoReuters | June 1, 2020 | Updated 11:45 IST
Coronavirus effect: Unemployment rate rises to 23.48% in May, says CMIE

India's unemployment rate in May rose to 23.48%, marginally lower from 23.52% in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic. India has reported 190,535 coronavirus cases, with 5,394 deaths.

India's infrastructure output, contributing nearly 40% in industrial production, contracted 38.1% in April from a year earlier, the worst performance in years, government data showed on Friday.

Also read: Coronavirus Live Updates: Biggest spike of 8,392 cases in 24 hours; COVID-19 tally surges to 1.9 lakh

Also read: Coronavirus pandemic: Home Credit India fires 1,800 employees

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