Axis Bank says that leading and concurrent high frequency indicators are showing signs of plateauing at about 3 per cent below pre-lockdown levels, which is a cause for worry

Among the states, Haryana reported the highest unemployment rate of 26.4 per cent, followed by Rajasthan at 25.6 per cent and Goa at 21.1 per cent

The projection by the RBI governor is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week

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The Budget focuses on growth to create jobs but lacks holistic measures to solve the problem of massive unemployment

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CMIE data added that India's biggest challenge on the employment front is getting its womenfolk into the labour force. CMIE data showed, in contrast with men, only nine per cent of all women of working age were employed until November

Economic Survey 2021: The net payroll data of EPFO shows a net increase of new subscribers in EPFO of 78.58 lakhs in 2019-20 (as on December 20, 2020) as compared to 61.1 lakhs in 2018-19

The government should aim for a balance between reducing the fiscal deficit to a level that can be financed comfortably by the markets, and prioritising spending on those areas that will boost confidence and growth

RBI paper says India must look for ways in which cash sitting idly in balance sheets of corporations and banks and reverse repo balances with the RBI finds its way into credit to productive sectors before it imposes a persistent deflationary weight on real activity

Employment in India contracted by 2.8 per cent, compared to a drop of 23.9 per cent and 2.6 per cent recorded in June and September quarters, respectively

Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

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India's unemployed count rose to 38.7 million in December compared to 27.4 million in November, registering an increase of 11.3 million

Rural unemployment jumped to 9.11 per cent from 8.56 per cent in week ending December 6, urban unemployment climbed to 11.62 per cent from 8.15 per cent in previous week

While many companies suffered due to the national lockdown and laid off workers, PhonePe has hired 500 people across departments since March 2020.

The central bank, however, cautioned that the positive assessment depends a great deal on the spread of coronavirus in coming days and progress on vaccine development front

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

Weak confidence was attributed to the consumer sentiments on general economic situation, employment scenario, price levels and household incomes

The RBI's revised projection stems from the recent boost in the economic revival -- both in rural as well as urban areas -- in many sectors