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India's Unemployment Rate: CMIE

  • 02 Mar 2023

On March 1, 2023, the Centre for Monitoring Indian Economy (CMIE) released data indicating that India's unemployment rate had risen from 7.14% in the previous month to 7.45% in February.

  • The urban unemployment rate decreased from 8.55% in January to 7.93% in February.
  • The rural unemployment rate increased from 6.48% in January to 7.23% in February.
  • This indicates a divergence in unemployment trends between rural and urban areas in India.
  • The decrease in urban unemployment may be due to a gradual improvement in economic activity and job opportunities in urban areas.