Economics
India Unemployment Rate Rises in October on Rural Joblessness
- October unemployment rate at 7.75%, up from 6.86% month ago
- Data from IHS Markit points to stronger nonfarm activity
Indian villagers gather near a tea stall in Joria, Alwar District, Rajasthan, India.
Photographer: Rebecca Conway/Getty Images
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India’s jobless rate rose as unemployment surged in the nation’s rural areas, even as non-farm jobs notch up gains with the economy emerging from pandemic curbs.
Unemployment in October rose to 7.75% from a three-month low of 6.86% in September, data from private research firm Centre for Monitoring Indian Economy Pvt. showed Monday. Rural unemployment jumped to 7.91% from 6.06% the previous month, whereas urban joblessness dropped to 7.38% from 8.62%, the data showed.