Economy

India's October unemployment rate rises to 8.5%, highest in over 3 years: CMIE

Representational image

Representational image  

India's unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Friday, reflecting the impact of a slowdown in the economy.

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Aug 13, 2020 3:59:30 AM | https://www.thehindu.com/business/Economy/indias-october-unemployment-rate-rises-to-85-highest-in-over-3-years-cmie/article29852606.ece

Next Story