Economics
India Jobless Rate Is Above 23% Amid Lockdown, Survey Shows
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India’s unemployment rate could have climbed to more than 20% as the economy lost jobs after a nationwide lockdown took effect in the last week of March, according to a survey by the Center for Monitoring Indian Economy Pvt.
The jobless rate was 23.4% for the week ended April 5 based on a sample size of 9,429 observations, Mahesh Vyas, the chief executive officer of CMIE, wrote. The private sector research group relied on telephonic interviews after suspending their regular survey in the last week of March.