Unemployment rate in April had accelerated to 7.6 percent, the highest since October 2016, up from 6.71 percent in March 2019, according to data compiled by the Centre for Monitoring Indian Economy (CMIE). The Mumbai-based think tank's head, Mahesh Vyas told Reuters, "The lower unemployment rate in March was a blip, and it has again climbed following the trend of earlier months."

The figures come at a time when the nation is voting for the Lok Sabha elections that are scheduled to end on 19 May. Concerns of growing unemployment and weaker farm prices have been looming for a while now.
Official figures on unemployment data are released only once in 5 years by the government, however, in December 2018, the governmental data was leaked by a newspaper that showed that unemployment figures were at a 45 year high in 2017-18.
Last month, a research conducted by a privately run university, that is Azim Premji University, showed that unemployment rate in India had doubled in 2018 in comparison to what it was between 2000 and 2011.
The report titled 'The State of Working India (SWI),' said, "The overall unemployment rate to be around 6% in 2018, double of what it was in the decade from 2000 to 2011. In addition to rising open unemployment among the higher educated, the less educated (and likely, informal) workers have also seen job losses and reduced work opportunities since 2016".
More From GoodReturns

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis



Click it and Unblock the Notifications