GUWAHATI: India's unemployment rate rose to 7.78% in February, the highest since October 2019- up from 7.16% in January 2020.
India's economy expanded at its slowest pace in more than 6 years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.
In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month, while in urban areas, it fell to 8.65% from 9.70%, the data released by CMIE, a Mumbai-based private think-tank showed.
(Inputs PTI)
