India’s Joblessness Rate At 23.48% In May: Think-Tank CMIE



India's Joblessness Rate At 23.48% In May: Think-Tank CMIE

The data on umployment reflects the impact of the coronavirus pandemic on economic activities

New Delhi:

India’s unemployment rate in May rose to 23.48 per cent, marginally lower from 23.52 per cent in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic.

The country has reported 190,535 coronavirus cases, with 5,394 deaths.

The country’s infrastructure output, contributing nearly 40 per cent in industrial production, contracted 38.1 per cent in April from a year earlier, the worst performance in years, government data showed on Friday.


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