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India's October jobless rate rises to 8.5 per cent, highest in over 3 years - CMIE
The unemployement rate was due to the impact of a slowdown in the economy.
India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday, reflecting the impact of a slowdown in the economy.
India’s infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.