India Unemployment Rate: The most recent data on India’s unemployment have been made available by the Centre for Monitoring the Indian Economy India Unemployment Rate. The most recent CMIE analysis indicates that unemployment has increased in the past month. In February 2023, the unemployment rate in India was determined to be 7.45 percent. Since it was 7.14 percent in January 2023, this is a significant increase in the India Unemployment Rate 2023. As a result, India’s youth unemployment rate has increased significantly. Additionally, it has been reported that Chhattisgarh has the lowest unemployment rate in India, at 0.8 percent, while Haryana has the highest unemployment rate in India, at 29.4 percent. The CMIE’s official website provides state-by-state and month-by-month breakdowns of the India unemployment rate for 2023. The unemployment rate for your state can be found on the official unemploymentinindia.cmie.com website.
India’s unemployment rate is an important indicator of the country’s economic health India Unemployment Rate. As of May 2021, the unemployment rate in India was 6.9%, according to the Centre for Monitoring Indian Economy (CMIE). This figure represents the proportion of people in the Indian workforce who are without a job but actively seeking one. The India Unemployment Rate also reports that the unemployment rate has been steadily increasing since 2017, indicating a need for measures to boost job creation in the country. If you are looking for employment opportunities in India, it is important to keep an eye on the unemployment rate as it can help you gauge the level of competition in the job market India Unemployment Rate. You can also seek guidance from employment agencies, job search websites, and career advisors to improve your chances of finding a suitable job.
India Unemployment Rate
The India Unemployment Rate 2023 for the period of February 2023 has been delivered by the CMIE. It is accessible to everyone from the CMIE’s homepage. TheIndia Unemployment Rate data are released weekly and monthly following an analysis of unemployment in each state. The Indian government is able to come up with a variety of solutions to the issue of unemployment thanks to these data. The Central and State governments frequently introduce new policies to increase employment throughout the nation India Unemployment Rate.
This can be attributed to a variety of factors, including the impact of the COVID-19 pandemic on the economy, as well as structural issues with the Indian labour market. While this may be concerning, it is important to note India Unemployment Rate there are resources available to those who are seeking employment in India. Government programs such as the National Career Service and the Pradhan Mantri Rojgar Protsahan Yojana provide support and assistance to job seekers, while private job portals like Naukri.com and Monster.com offer a wealth of employment opportunities in a variety of industries. By taking advantage of these India Unemployment Rate and staying proactive in their job search, individuals can increase their chances of finding employment in today’s challenging job market.
India Unemployment Rate Overview
India Unemployment Rate 2023 Month Wise List
We do not have access to the month-wise list of India’s Unemployment Rate for 2023 at this time. However, there are a number of reliable sources you can refer to for up-to-date statistics on India’s unemployment rate. The Ministry of Statistics and Programme Implementation, for example, regularly publishes data on employment and unemployment in India, broken down by various demographic and geographic factors. The International Labour Organization also provides comprehensive data on labor market indicators for countries around the world, including India. By consulting these resources, you can stay informed about the latest trends in India’s labor market and make more informed decisions about your career or business.
| Month | Unemployment Rate (in %) |
| February 2023 | 7.45% |
| January 2023 | 7.14% |
| December 2022 | 8.30% |
| November 2022 | 8.03% |
| October 2022 | 7.92% |
| September 2022 | 6.43% |
| August 2022 | 8.28% |
| July 2022 | 6.83% |
| June 2022 | 7.83% |
| May 2022 | 7.14% |
| April 2022 | 7.83% |
| March 2022 | 7.57% |
The Centre for Monitoring the Indian Economy (CMIE) provides access to the India Unemployment Rate 2023 Month-Wide List on its website. The table below also contains this list, which is available for the past year.
Click here:-CRED 2023 How to Use Cred Coins
India Unemployment Rate 2023 State Wise List
| State | Unemployment Rate (in%) in February 2023 |
| Andhra Pradesh | 6.6% |
| Assam | 8.6% |
| Bihar | 12.3% |
| Chhattisgarh | 0.8% |
| Delhi | 8.6% |
| Goa | 11.1% |
| Gujarat | 2.5% |
| Haryana | 29.4% |
| Himachal Pradesh | 13.9% |
| Jammu & Kashmir | 17.1% |
| Jharkhand | 16.8% |
| Karnataka | 2.5% |
| Kerala | 5.6% |
| Madhya Pradesh | 2.0% |
| Maharashtra | 5.6% |
| Meghalaya | 4.1% |
| Odisha | 2.1% |
| Puducherry | 2.2% |
| Punjab | 8.2% |
| Rajasthan | 28.3% |
| Sikkim | 21.0% |
| Tamil Nadu | 3.0% |
| Telangana | 5.8% |
| Tripura | 11.7% |
| Uttar Pradesh | 4.0% |
| Uttarakhand | 2.3% |
| West Bengal | 4.4% |
The CMIE’s website also contains the India Unemployment Rate 2023 State-Wide List. After carefully analyzing the state’s monthly unemployment rate, this list was created. The state-by-state list is also available in the table below.
Read also:-Sell Old Notes & Coins Prices in india
India Unemployment Rate 2023 Challenges
The unemployment rate in India is expected to remain a challenge in 2023, with the COVID-19 pandemic continuing to impact the job market. However, there are steps that individuals and policymakers can take to address the issue. One way to combat unemployment is to invest in education and training programs that equip workers with the skills they need for in-demand jobs. Another strategy is to encourage entrepreneurship and small business development, which can create new jobs and stimulate economic growth. Additionally, policymakers can work to improve the business climate by reducing regulations and streamlining bureaucratic processes, which can make it easier for businesses to start and expand in India. By taking these steps and working together, India can overcome its unemployment challenges and create a brighter future for all its citizens.
In order to provide youth with employment, the Indian government must overcome numerous obstacles. Because of these obstacles, government policies can’t reach everyone in the country. The issues that will have the biggest impact on India’s unemployment rate in 2023 are outlined below.
- Theoretical Education: While the majority of Indian educational establishments place a high value on theoretical knowledge, they do not place as much emphasis on practical skills. Candidates with this kind of education are unable to effectively perform practical tasks.
- Lack of alternative employment opportunities for agricultural workers: Numerous agricultural workers are unable to find alternative employment opportunities. Since they are simply ready to work for a little timeframe, they are generally jobless until the end of the year.
- One of the main causes of unemployment in India is the country’s recent population growth. As a result, there are more people in their 20s and 30s than ever before, but not enough jobs are available for everyone.
- Improper Attitude: A lot of young people are only interested in finding work and are not interested in starting their own businesses. The government is having a hard time finding jobs for everyone because of this.
- Expanding expansion The rising expansion in the nation is additionally diminishing the interest for items. The country’s unemployment rate rises as a result.
Check also:-Cirkus Box Office Collection, Day 1, 2, 3, 4
Unemployment Rate in India VS World
The unemployment rate in India is a topic that has been the subject of much discussion and analysis in recent years. According to the most recent data available, the unemployment rate in India is currently around 7.5%, which is slightly higher than the global average of 5.7%. However, it is important to note that the definition of unemployment and the methods used to calculate it can vary from country to country, making direct comparisons difficult. It is also worth noting that the unemployment rate in India varies greatly by region and demographic group.
For example, urban areas tend to have a higher unemployment rate than rural areas, and young people and women are more likely to be unemployed than older men. Overall, while the unemployment rate in India may be higher than the global average, it is important to look at the broader context and consider the specific factors that contribute to this rate. India is not the only nation struggling with unemployment. Additionally, numerous nations are attempting to address the issue of unemployment. Some of the nations with unemployment rates comparable to India are listed below.
| Country | Unemployment Rate (in %) |
| Nigeria | 9.79% |
| Angola | 8.53% |
| Egypt | 9.33% |
| Honduras | 8.51% |
| Bolivia | 8.51% |
| Uzbekistan | 7.16% |
| Mongolia | 7.08% |
| Nicaragua | 5.96% |
| India | 5.98% |
| El Salvador | 5.94% |
| Sri Lanka | 5.40% |
| Bangladesh | 5.23% |
| Kenya | 5.74% |
| Ghana | 4.70% |
| Pakistan | 4.35% |
| Indonesia | 4.41% |
| Bhutan | 4.33% |
| Vietnam | 2.17% |
| Lao PDR | 1.26% |
| Philippines | 2.41% |
| Myanmar | 2.17% |
| Papua New Guinea | 2.75% |
| Cambodia | 0.61% |
| Solomon Islands | 1.03% |
Click here:-Most Handsome Men in the World 2023 Top 10
Highest Unemployment Rate of India
The employment rate has increased since January 2022, reaching a record high of 37.1% in December 2022. According to the most recent CMIE Report, the unemployment rate increased in December 2022 by 28.5 percent in Rajasthan, 20.8 percent in Delhi, and 37.5 percent in Haryana.
Unemployment Rate Calculator
The unemployment rate is the proportion of people without a job. the proportion used to denote this rate. The state of the economy influences the unemployment rate. If the economy is struggling and there are fewer jobs available, the employment rate will rise. Similar to this, it is anticipated that a country’s unemployment rate will decrease when the economy is robust, expanding, and providing a wide range of job opportunities to the general public.
Read also:-Most Beautiful Women in the World Top 10
Unemployment Rate of India UPSC
Each country manages the issue of joblessness. One of these nations is India. A major source of concern for both politicians and the general public in India is the country’s high rate of unemployment due to the country’s diverse population and shifting labor market. Policymakers in India can put the right measures in place to ensure that everyone looking for work finds a position for which they are qualified by learning more about India’s unemployment rate. The overall unemployment rate in India is expected to rise by 3% between 2017 and 2022.
According to a May 2022 report from the National Statistical Office (NSO), the unemployment rate in urban India decreased from 10.3% in the previous quarter to 8.7% between October and December 2021.
Unemployment in India Causes
In each country, there are various reasons that add to joblessness. Whether unemployment is temporary or permanent depends on whether it is caused by a decline in the labor force or a lack of jobs.
In India, four distinct types of unemployment are the primary causes of unemployment. Structural, frictional, seasonal, and cyclical unemployment are the four types of unemployment. Through expansionary financial arrangement, we might battle occasional and repetitive joblessness by raising public spending when challenges are out of control.
Check also:-Most Beautiful Women in the World Top 10
A few main causes of unemployment are:
- A sizable population
- a lack of vocational skills or low educational attainment among the working population.
- industries that require a lot of labor are seeing a drop in private investment, especially after demonetization.
- The lack of alternatives for agricultural employees and the low productivity of the agriculture sector make it difficult to switch between the three sectors.
- Due to cost and compliance overruns, legal issues, inadequate government support, and weak market, financial, and infrastructure ties to small businesses render these operations unprofitable.
- Opportunities for employment in the secondary sector are constrained by inadequate infrastructure development and low manufacturing investments.
To ensure job stability, the government has two options: either it can provide temporary labor to unemployed people as part of the food-for-work program or it can establish a public employment program that provides full-time employment at minimum wage levels. The cyclical type of unemployment will be reduced by stabilizing market forces and reducing the tendency toward structural changes or the necessity to fire employees due to a lack of market demand.
Also Check- AP School Sankranthi Holidays 2023
Conclusion
In this blog, India’s unemployment rate has been a growing concern in recent years, with the COVID-19 pandemic only exacerbating the problem. While there have been some government initiatives aimed at addressing the issue, such as the Make in India and Skill India campaigns, there is still much work to be done in order to provide employment opportunities to the millions of job seekers in the country. It is important to continue to invest in education and vocational training programs in order to equip individuals with the skills they need to succeed in today’s job market. Additionally, improving the business climate and attracting more foreign investment could help to create more jobs in the country. Ultimately, it will take a concerted effort from all sectors of society to tackle the issue of unemployment in India and ensure that all citizens have access to meaningful employment opportunities.
India Unemployment Rate FAQ’S
What is the current unemployment rate in India?
India’s unemployment rate is estimated to be around 7.45% by the Centre for Monitoring Indian Economy (CMIE), a private organization. In urban India, it is 7.93%, whereas in rural India, it is just 7.44%. On March 1, 2023, CMIE reveals India’s daily and monthly unemployment rates.
Which state in India has top unemployment?
Haryana is the top region by unemployment rate in India. As of last month, unemployment rate in Haryana was 29.45 %. The top 5 regions also includes Rajasthan, Sikkim, Jammu & Kashmir, and Jharkhand.
What is Pakistan unemployment rate?
The proportion of the labor force that is jobless but actively looking for work is referred to as unemployment. In 2021, the unemployment rate in Pakistan is expected to be 4.35%, up 0.05% from 2020.
Which state in India is best for job?
In 2023, Maharashtra, India’s state with the greatest employability, had a graduateship rate of just over 66%, making it the most employable state in the nation. Uttar Pradesh and Kerala, with rates of 65% and 64%, followed suit.
Related post:-
Groundhog Day 2023, Origin
Central Bank of India Balance Enquiry
100+ Best Happy New Year Wishes
250+ Happy Quotes and Caption Ideas
Categories: Trending
Source: vtt.edu.vn