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HomeEconomyIndia’s unemployment rate up to 7.83% in April, says research firm CMIE

India’s unemployment rate up to 7.83% in April, says research firm CMIE

CMIE had last week said India’s growth rate was not adequate to create enough jobs in the economy.

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New Delhi: Unemployment in India rose to 7.83 per cent in April from 7.60 per cent in March, 2022, data from the independent think-tank, Centre for Monitoring Indian Economy (CMIE), has revealed.

The Mumbai-based economic database company said the highest unemployment rate of 34.5 per cent was recorded in Haryana, followed by Rajasthan with 28.8 per cent.

Urban unemployment rate is up to 9.22 per cent in April from 8.28 per cent in March, while the rural unemployment rate came down marginally to 7.18 per cent from 7.29 per cent.

The research company — closely watched by financial experts and policy makers — had last week said India’s growth rate of 6%-8% was not adequate to create enough jobs in the economy, and that the government needed to intervene to tide over the crisis in the labour market.

CMIE Managing Director Mahesh Vyas had told Bloomberg Television: “I think the government is falling short of what is required to create good quality jobs.” He added: “There is no safety net and people still quit the labour market. We see it as a sign of distress. People have given up looking for jobs actively and also moved out of the labour force.”

CMIE said more than half of the 900 million Indians of legal working age — roughly the population of the US and Russia combined — don’t want a job. Between 2017 and 2022, the overall labour participation rate dropped from 46% to 40%.


Also read: India urgently needs Right to Work. We are in a Great Depression in slow motion


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