What is the unemployment rate in India?

“India needs to immediately provide employment to the 7.9% who are in the unemployment rate or 35 million in December 2021 who were not employed and they were actively looking for employment,” CMIE said in its weekly analysis.

What is India’s unemployment rate 2021?

India’s unemployment rate falls to 6.57%, lowest since March 2021: CMIE. India’s unemployment rate witnessed a sharp decline to 6.57 per cent in January, the lowest since March 2021, as the country gradually recovers with easing of restrictions following a decline in Omicron cases, according to CMIE.

What is the unemployment rate in India in 2020?

In 2020, the unemployment rate in India was estimated to be 7.11 percent.

India: Unemployment rate from 1999 to 2020.

Characteristic Unemployment rate
2020 7.11%
2019 5.27%
2018 5.33%
2017 5.41%

What is unemployment rate in India now?

India’s unemployment rate fell sharply in January to 6.57%, lowest since March 2021, following a significant dip in rural unemployment. The unemployment rate had risen sharply in December to 7.91% from 6.97% in November.

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What is the unemployment rate of India in 2019?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. India unemployment rate for 2020 was 7.11%, a 1.84% increase from 2019. India unemployment rate for 2019 was 5.27%, a 0.06% decline from 2018.

What is Pakistan unemployment rate?

In 2020, the unemployment rate in Pakistan was at approximately 4.45 percent, a slight increase from 4.65 percent the previous year. The unemployment rate of a country represents the share of people without a job in the country’s labor force, i.e. unemployed persons among those who are able and/or willing to work.

Why is unemployment in India so high?

The rise in unemployment has been attributed to muted economic activity and consumer sentiment, which has been dented due to the rise of Covid-19 cases after the emergence of Omicron variant across the world.

What is India’s GDP in 2021?

The nominal GDP or GDP at current prices in the year 2021-22 is estimated at ₹ 232.15 lakh crore, as against the provisional estimate of GDP for the year 2020-21 of ₹ 197.46 lakh crore. The growth in nominal GDP during 2021-22 is estimated at 17.6 per cent.

What is the unemployment rate in China?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. China unemployment rate for 2020 was 5.00%, a 0.4% increase from 2019. China unemployment rate for 2019 was 4.60%, a 0.3% increase from 2018.

Which country has the highest unemployment rate 2021?

For 2021, the global unemployment rate is estimated to be between 6.3-6.5%, depending upon the source.

Here are the 10 countries with the highest rates of unemployment:

  • South Africa (29.20%)
  • Djibouti (26.10%)
  • Equatorial Guinea (25.00%)
  • Botswana (24.90%)
  • Grenada (22.90%)
  • Eswatini (22.70%)
  • Lesotho (22.40%)
  • Gabon (20.40%)
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Which state has highest unemployment in India?

Meghalaya has the least unemployment rate among the Indian states, while Haryana has the highest unemployment rate. (Higher rank represents higher unemployment among the population). The national average stands at 8.8 percent.

Which country has highest unemployment rate?

In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.

Is unemployment increasing in India?

India’s unemployment rate crept up to nearly 8% in December, according to the Centre for Monitoring Indian Economy (CMIE), an independent think tank. It was more than 7% in 2020 and for most of 2021. … Most countries saw joblessness rise in 2020.

Is Indian youth unemployed?

For the past decade, India’s youth unemployment rate has been hovering around the 22 percent mark.

India: Youth unemployment rate from 1999 to 2019.

Characteristic Youth unemployment rate
2019 23.01%
2018 22.85%
2017 22.72%
2016 22.6%

What is the unemployment rate today 2020?

The unemployment rate declined by 0.3 percentage point to 3.9 percent in December, and the number of unemployed persons decreased by 483,000 to 6.3 million. Over the year, these measures are down by 2.8 percentage points and 4.5 million, respectively.

Which country has the highest unemployment rate 2020?

South Africa is the top country by unemployment rate in the world. As of 2020, unemployment rate in South Africa was 29.2 %.