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India’s unemployment rate reached 7.78% in February, highest in last four months

There is no improvement in the unemployment situation in the country. India’s unemployment rate reached 7.78% in February according to news agency Reuters. This figure is the highest in the last four months. The Center for Monitoring Indian Economy (CMIE) released this information on Monday.

The unemployment rate was 7.5 percent in the four months of September to December 2019. At the same time, the unemployment rate crossed 8 percent in August and October 2019. According to data from the Center for Monitoring Indian Economy, the unemployment rate in rural areas of India has increased to 7.37% in February, while it has fallen from 9.70% to 8.65% in urban areas. At the same time, the difference between rural and urban unemployment rates has increased.

Rural unemployment was 6 percent in January 2020 and 6.9 percent in December 2019. At the same time it reached 8 percent in October 2019. The decline in unemployment in rural India has been very sharp, while in terms of urban unemployment, it increased considerably in January 2020. It reached 9.7 percent in December 2019 as compared to 9 percent. Whereas it was 9.71 percent in August 2019 and now it is close to 9.71 percent.

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