India Unemployment Rate - Forecast

Unemployment Rate in India is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Unemployment Rate is projected to trend around 4.60 percent in 2020, according to our econometric models.


India Unemployment Rate
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India Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.46 4.8 4.8 4.8 4.8 4.6
Employed Persons 29650 29483 29720 29958 30195 32200
Unemployed Persons 44.85 45.01 44.54 44.07 43.59 40.97
Labor Force Participation Rate 52.5 52.29 51.9 51.51 53.54 55.32
Population 1299 1315 1317 1320 1320 1340
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Living Wage Family 17400 22500 22500 22500 23000 27000
Living Wage Individual 11000 13100 13100 13100 14000 18000
Wages 272 324 326 328 330 360
Wages High Skilled 44000 57000 60000 47790 65500 87500
Wages In Manufacturing 347 402 404 408 410 440
Wages Low Skilled 10300 15400 15700 12239 16000 18000
Youth Unemployment Rate 12.9 15.5 15.5 15.5 15.2 13.5