Unemployment rate increases to 8.1% in October in India, says CME report| Master Stroke

30 Oct 2019 10:24 PM

Unemployment rate increases to 8.1% in October in India, says CME report| Master Stroke

Updated 30 Oct 2019 10:24 PM

The Centre for Monitoring Indian Economy Pvt. Ltd. (CMIE) survey has revealed that India employed an estimated 404.9 million people during May-August 2019 in India, 2.5 million more than 2018 during the same period.
The CMIE CEO said that it was odd that there could be an increase in employment in agriculture even though agricultural activities had shrunk that year. One explanation is that as jobs in other avenues had shrunk, labour had no recourse but to revert back to their farmlands and claim that they were employed in agricultural activities. 

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