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Saturday, August 30, 2025
TopicCentre for Monitoring Indian Economy

Topic: Centre for Monitoring Indian Economy

India’s unemployment rate likely to soar to highest in a year due to second wave lockdowns

The unemployment rate is estimated to rise to much as 11% this month, while weekly unemployment numbers are now hovering above 14%, said the Centre for Monitoring Indian Economy.

India added 2.1 crore jobs in May, after hitting rock-bottom in April: CMIE

Only 28 crore people had jobs in April, down from 39.6 crore in March. But with partial lifting of lockdown, small traders & wage labourers got employed again.

PM Modi has a new problem: Confidence of Indians in economy drops sharply

Survey by Pew Research finds that 56% of surveyed Indians believe economic situation is good, down from 83% in 2017.

The great Indian middle class, in charts

Three economists, Neelanjan Sircar, Devesh Kapur, and Milan Vaishnav went around India asking: 'Do you call yourself middle class?'

On Camera

From Vedanta, India turned to Nehruvian socialism and buried its liberal roots: Sharad Joshi

An Indian Hitler will have to be exceptionally lucky to survive for any length of time. This much hope ought to be enough for seekers of liberty and equality, wrote Sharad Anantrao Joshi, president of Swatantra Bharat Paksh party, in 1995.

Easy loans, uneasy ‘debt traps’. Women harassed by private lenders ask ‘who will restore lost dignity?’

A public meeting, where the women voiced their protest, took place this month in Delhi, grounded on the findings of an AIDWA survey, covering 9,000 women borrowers.

Ahead of SCO meet, Russia & China stage maiden joint submarine patrol in Sea of Japan, East China Sea

Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.