India’s unemployment rate shot up to 23.5% in the month of April, much higher than 8.7% reported in the previous month
The CMIE survey was started in 2016 and since then the April’s unemployment rate of 23.5% is the highest ever
After over five weeks of coronavirus lockdown, India’s unemployment rate shot up 14.8% to reach 23.5% in the month of April, much higher than 8.7% reported in the previous month, according to data released by think-tank CMIE on Friday. The CMIE survey was started in 2016 and since then the April’s unemployment rate of 23.5% is the highest ever. The unemployment rate in urban India stood at 24.95%, while in rural India it was 22.89%. State wise unemployment rate differed widely. Highest unemployment rate of 75.8% was recorded in Puducherry followed by 49.8% in Tamil Nadu 47.1% in Jharkhand 46.6% in Bihar and 43.2% in Haryana.