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India sees dip in unemployment rate, lowest since March 2021

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The unemployment rate in India has seen a dip in January which has come to 6.57 percent, lowest since March 2021. As the country is gradually recovering after the lockdown and the covid of  Omicron is also declining.

While unemployment in urban India stood at 8.16 percent in January, in rural areas it was the lowest at 5.84 percent, as per data by the independent think-tank Centre for Monitoring Indian Economy (CMIE). In December, the unemployment rate stood at 7.91 percent, with urban at 9.30 percent and rural at 7.28 percent, it added.

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