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India’s unemployment touches 8.5%, highest in 3 years: CMIE

From a year earlier in September 2019, the nation’s infrastructure output fell 5.2 per cent, the worst performance in years.

SNS | New Delhi |

Reflecting on the impact of a slowdown in the economy, the Centre for Monitoring Indian Economy (CMIE) on Friday released its data on unemployment across the country stating, it was increased to 8.5 per cent in October, reports said.

The falling percentage was highest since August 2016 and up from 7.2 per cent in September, stated an article issued in Reuters.

From a year earlier in September 2019, the nation’s infrastructure output fell 5.2 per cent, the worst performance in years, government data showed on Thursday, stated the report.

The current unemployment percentage as of November 01 on the CMIE site was at 8.1 per cent.

(With input from agencies)