April 19, 2024


Delighting finance buffs

India’s unemployment rate remains over 23{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in May: CMIE

India’s unemployment rate continues to remain over 23 per cent in May but is marginally lower than the rate recorded in April.

The increased unemployment rate is a result of a strict lockdown that put most businesses out for two months. These businesses are now restarting in a phased manner as government has now eased restrictions significantly. (Photo: Reuters)

India’s unemployment rate in May rose to 23.48{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58}, marginally lower from 23.52{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic.

India has reported 190,535 coronavirus cases, with 5,394 deaths.

India’s infrastructure output, contributing nearly 40{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in industrial production, contracted 38.1{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in April from a year earlier, the worst performance in years, government data showed on Friday.

Read | Lockdown 5.0: All public, private employees to join work from June 8, says West Bengal CM Mamata Banerjee

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IndiaToday.in has plenty of useful resources that can help you better understand the coronavirus pandemic and protect yourself. Read our comprehensive guide (with information on how the virus spreads, precautions and symptoms), watch an expert debunk myths, and access our dedicated coronavirus page.
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