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India's unemployment rate rises to 7.78%, highest since Oct 2019: CMIE

India's economy expanded at its slowest pace in more than six years in the last three months of 2019

twitter-logoReuters | May 1, 2020 | Updated 14:25 IST
India's unemployment rate rises to 7.78%, highest since Oct 2019: CMIE
In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month, while in urban areas, it fell to 8.65% from 9.70%

India's unemployment rate rose to 7.78% in February, the highest since October 2019, and up from 7.16% in January, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of a slowdown in the economy.

India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.

In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month, while in urban areas, it fell to 8.65% from 9.70%, the data released by CMIE, a Mumbai-based private think-tank showed.

Also read: Unemployment: Number of jobless in UP rises by 58% to 34 lakh in two years

Also read: Shashi Tharoor attacks Yogi government, says 'UP' means 'unemployed people'

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