India's unemployment rate fell to 11 percent in June 2020 from a record high of 23.5 percent in the previous two months, as many businesses resumed operations following weeks of closures due to the coronavirus pandemic. The jobless rate in urban areas dropped to 12.0 percent from 25.8 percent, while that in rural areas was down to 10.5 percent from 22.5 percent.
Unemployment Rate in India averaged 9.21 percent from 2018 until 2020, reaching an all time high of 23.50 percent in April of 2020 and a record low of 6.70 percent in November of 2018. This page provides - India Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Centre for Monitoring Indian Economy
Unemployment Rate in India is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in India to stand at 11.00 in 12 months time. In the long-term, the India Unemployment Rate is projected to trend around 9.80 percent in 2021 and 8.50 percent in 2022, according to our econometric models.