According to the Center for Monitoring Indian Economy (CMIE), what is the unemployment rate of India in April 2023?

 (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%