Question

The unemployment rate in india is very low. Explain 5 points

Answer 1

Answer:

HIII

Explanation:

India’s unemployment rate was a tad higher at 24.3% for the week ended May 24 compared to 24% in the preceding week or the average unemployment rate of 24.2% in the past eight weeks of the lockdown. The unemployment rate stood at 8.8% in March.

However, the labour participation rate fell marginally to 38.7% in the week ended May 24 as against 38.8% recorded in the preceding week after increasing for three consecutive weeks, says the Centre for Monitoring Indian Economy (CMIE) in its weekly report.

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