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India’s unemployment rate remains over 23% in May: Data by CMIE

Shortpedia

Content Team

According to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, India’s unemployment rate in May rose to 23.48%, marginally lower from 23.52% in April. This clearly shows the impact of coronavirus pandemic. India has reported 190,535 coronavirus cases, with 5,394 deaths. The country's infrastructure output, contributing nearly 40% in industrial production, contracted 38.1% in April from a year earlier.