The unemployment rate in India rose to 7.8 percent in February 2020, the highest since last October, from 7.2 percent in the previous month. In rural areas, the rate increased to 7.4 percent from 6.0 percent in January, while in urban areas, it fell to 8.7 percent from 9.7 percent. The highest jobless rates were recorded in Tripura (28.4 percent), Haryana (25.8 percent) and Jammu & Kashmir (22.2 percent), while the lowest were recorded in Puducherry (1.8 percent), Tamil Nadu (2.1 percent) and Goa (2.8 percent).
Unemployment Rate in India averaged 7.34 percent from 2018 until 2020, reaching an all time high of 8.20 percent in August of 2019 and a record low of 6.70 percent in November of 2018. This page provides - India Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Unemployment Rate - values, historical data and charts - was last updated on May of 2020. source: Centre for Monitoring Indian Economy
Unemployment Rate in India is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in India to stand at 11.70 in 12 months time. In the long-term, the India Unemployment Rate is projected to trend around 9.80 percent in 2021 and 8.50 percent in 2022, according to our econometric models.