The unemployment rate in India in January 2022 fell sharply to 6.57%, according to the data from the economic think-tank, the Centre for Monitoring Indian Economy (CMIE). This is the lowest rate witnessed since March 2021. In December 2021, the unemployment rate rose to a four-month high of 7.91%, compared to 6.97% in November. CMIE is a Mumbai-based independent non-government entity that serves both as an economic think-tank as well as a business information company.
State-wise lowest unemployment rate:
- Telangana recorded the lowest unemployment rate in January at 0.7%.
- This was followed by Gujarat at 1.2%, Meghalaya at 1.5%, Odisha at 1.8% and Karnataka at 2.9%.
State-wise highest unemployment rate:
- Haryana witnessed the highest unemployment rate of 23.4% in January 2022. It was followed by Rajasthan (18.9%), Tripura (17.1%), Jammu & Kashmir (15%) and Delhi (14.1%).
About the Rural Unemployment:
- Area wise data showed that the rural unemployment in January 2022 declined to 5.84% as against 7.28% in December 2021. Urban unemployment was recorded at 8.16% compared to 9.30% in December 2021.