New Delhi / India's October jobless rate at 8.5%, highest since August 2016: CMIE

India's unemployment rate in October rose to 8.5%, the highest since August 2016, according to data compiled by Mumbai-based think tank Centre for Monitoring Indian Economy (CMIE). The jobless rate stood at 7.2% in September. The CMIE numbers are based on a survey of tens of thousands of households across India.

Reuters : Nov 01, 2019, 04:48 PM
NEW DELHI - India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday, reflecting the impact of a slowdown in the economy.

India’s infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.