Tag: Centre for Monitoring Indian Economy

  • India’s unemployment charge falls sharply to six.57 laptop, lowest since March 2021: CMIE

    Through PTI

    MUMBAI: India’s unemployment charge witnessed a pointy decline to six.57 in keeping with cent in January, the bottom since March 2021, as the rustic regularly recovers with easing of restrictions following a decline in Omicron circumstances, consistent with the Centre for Tracking Indian Economic system (CMIE).

    Whilst unemployment in city India stood at 8.16 in keeping with cent in January, in rural spaces it used to be the bottom at 5.84 in keeping with cent, as in keeping with knowledge by means of an unbiased think-tank  (CMIE).

    In December, the unemployment charge stood at 7.91 in keeping with cent, with city at 9.30 in keeping with cent and rural at 7.28 in keeping with cent, it added. Telangana reported the bottom unemployment charge at 0.7 in keeping with cent in January, adopted by means of Gujarat (1.2 in keeping with cent), Meghalaya (1.5 in keeping with cent), and Odisha (1.8 in keeping with cent).

    Alternatively, Haryana had the very best unemployment charge at 23.4 in keeping with cent, adopted by means of Rajasthan at 18.9 in keeping with cent.

    ALSO READ: World unemployment to achieve 207 million in 2022: ILO document

    CMIE had estimated the selection of unemployed in India as of December 2021 at 53 million, of which an enormous share had been girls.

    CMIE MD and CEO Mahesh Vyas, in his research of the December knowledge, mentioned 35 million folks had been actively on the lookout for paintings in December 2021, of which 23 in keeping with cent or 8 million had been girls.

    An similarly vital problem is to offer employment to the extra 17 million who had been additionally no longer hired and had been keen to paintings if paintings used to be to be had, despite the fact that they weren’t actively on the lookout for employment, Vyas added.