Unemployment Rate in India – Recent Data – August 2019
Currently, the Unemployment rate in India is at its highest in the last 30 Years. Prior to that, India’s highest unemployment rate was 8.30 Percent in 1983 and the lowest rate of 3.53 Percent, which was seen in the year 2011.
In August 2019, the Country’s Unemployment rate stood at 8.19 Percent. According to the CMIE Website, it is 9.71 Percent in Urban and 7.48 Percent in Rural. Since 1983, India’s Unemployment rate averaged 4.32 Percent.
India’s Unemployment rate is slightly higher than other Emerging Countries. However we cannot consider the Unemployment rate alone for Economic Growth. We also need to lookout the Inflation, GDP, Fiscal and Trade Deficit numbers.
The Unemployment rate on the other hand, is poorly documented in terms of the number of Unorganized workers and the number of Entrepreneurs. If these data are available, it will be known whether they support for the Economy of the Country or indeed – Unemployment.
Unemployment rates are lower in South India than the Northern Region. Karnataka has its lowest level of 0.7 Percent in August 2019. This is India’s lowest Unemployment rate by States. Andhra Pradesh has 3.7 Percent, Tamilnadu 5.8 Percent, Kerala 9.1 Percent and Telangana is said to be 2.04 Percent.
Apart from Southern Region, Gujarat has its lowest of 3.9 Percent, Goa 3.7 Percent, Odisha 3.6 Percent, West Bengal 6.1 Percent and Sikkim has 2.1 Percent in the Unemployment Rate.
The highest unemployment rate were seen in the Following States – Haryana 28.7 Percent, Tripura 27.9 Percent, Jharkand 14.3 Percent, Delhi 13.6 Percent, Rajasthan at 13.1 Percent and Bihar has 11.8 Percent.
The Unemployment rate in India is likely to rise in the upcoming months. And this could change slightly as the Country’s Economic Growth booms.
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