(a) 8.51%
(b) 7.41%
(c) 6.51%
(d) 8.11%
(e) 7.51%
Ans. (d)
Exp. India’s unemployment rate at a four-month high in April 2023
According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate of India has surged to a four-month high of 8.11% in April, compared to 7.8% in March 2023.
Urban unemployment climbed to 9.81% from 8.51% in the same period and rural unemployment fell marginally to 7.34% in April from 7.47% a month ago.
The rise in the unemployment rate came on the back of higher labor participation, which has risen to 41.9% from 39.7% in March.
India’s unemployment rate in previous month
- January 2023 – 7.14%
- February 2023 – 7.45%
- March 2023 – 7.80%
- April 2023 – 8.11%
