Drastic Rise In Unemployment Rate In India

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Fresh data released by the Centre for Monitoring Indian Economy (CMIE) showed that the rise in India’s unemployment rate in October was the highest since August 2016. While the government has been announcing a pool of measures to increase demand, the slowdown in jobs is being viewed as the impact of slowdown on the country’s economic growth. To make matters worse, India’s infrastructure output for the month of September contracted 5.2 per cent on a year-on-year or YoY basis. It is one of the worst performances by the eight core infrastructure industries.

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According to the state-wise data provided by the minister, unemployment rate that fell from 4.4% in 2013-2014 to 3.1% in 2015-2016, rose to 9.4% in 2017-2018 in Delhi which goes for assembly polls next month, unemployment rate grew from 2.2% in 2015-2016 to 7.5% in 2017-2018. While the countrywide rise in unemployment rate is 6% in 2017-18, from 3.7% in 2015-16 and 3.4% in 2013-14, Gujarat, Haryana, Karnataka, Maharashtra, Telengana Tamil Nadu, Puducherry, Bihar, Chhattisgarh, Goa, Rajasthan, Punjab, Chandigarh show high rise in the rate of unemployment in the last one year, the northeastern states show the most drastic fall in employment rate.

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In Gujarat unemployment rose from 0.6% (2015-16) to 4.8% (2017-18), in Haryana 3.3% to 8.4%, in Maharashtra it rose from 1.5 to 4.8, in Karnataka 1.4 to 4.8, in Telengana from 2.7% to 7.6%, in Tamil Nadu 3.8% to 7.5%, in Bihar 4.4% to to 7%, in Goa 9% to 13.9%, in Rajasthan 2.5 to 5% and in Puducherry from 4.8% to 10.3%, in Punjab 5.8 to 7.7%, in in Odisha from 3.8% to 7.1%, over the same period.

 

 

 

 

 

 

 

 

 

 

 

 

 

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