The number of job-seeking people in India has always been on a high. As per information available on the official website of the Centre for Monitoring Indian Economy (CMIE), there are currently nearly 31 million unemployed Indians looking for jobs. CMIE is a board that tracks business and economic data of the country.
It was noted that in the week ended on February 25, the unemployment rate increased to 6.1 per cent as compared to 5 per cent in January. This 6.1 per cent unemployment rate is noted to be the highest monthly rate in the past 15 months.
The numbers went as low as 3.4 per cent in July 2017, unemployment rates have been increasing gradually, the CMIE data further confirmed.
While the government claims that the unemployment rate in the country is falling, this data reveals an altogether different story.
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