India’s unemployment rate falls to 7.6% in March from 8.1% in Feb 2022: CMIE Report

India’s unemployment rate drops to 7.6% in March from 8.1% in Feb 2022: The overall unemployment rate in India has dropped from 8.10% (February 2022) to 7.6% (March 2022), as per the data from the Centre for Monitoring Indian Economy (CMIE).

The report also stated that though the overall unemployment rate in the country is falling, it is still high for a “poor” country like India. Haryana recorded the highest unemployment rate in March 2022, at 26.7 percent. It was followed by Rajasthan (25%) and Jammu and Kashmir (25 %), Bihar (14.4%), Tripura (14.1%) and West Bengal (5.6%).

Karnataka and Gujarat states have registered the least unemployment rate at 1.8.% each in March 2022.