Unemployment Rate In India Reaches 6.98 Percent

November 3, 2020 | Investopaper

India’s unemployment rate has increased from 6.67 per cent in September to 6.98 per cent in October due to the global impact of the Covid-19 on the economy. Unemployment has risen, according to the latest figures released by the Center for Monitoring Indian Economy (CMIE).

According to the CMIE statistics, the agricultural sector has shown signs of strengthening in the past, but unemployment in the sector has risen in October. The urban unemployment rate fell to 7.15 percent in October from 8.45 percent in September. Similarly, the unemployment rate in rural areas rose from 5.86 percent in September to 6.90 percent in October.

n contrast to the number of jobs, the collection of goods and services tax in October was the highest since February and increased by 10.2 percent compared to October 2019.

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