Key Points
Indias unemployment rate climbed to a four-month high, the latest data showed, as there were more people joining the workforce compared to available jobs in Asias third largest economy.Creating enough jobs for Indias burgeoning population will remain a key challenge for Prime Minister Narendra Modis government, especially as he looks to a third term in office in national elections due next summer...
Urban unemployment climbed to 9.81% from 8.51% in the same period while in the rural areas, it fell marginally to 7.34% in April from 7.47% a month ago, according to data from research firm Centre for Monitoring India Economy..
Indias labor force increased by 25.5 million people to 467.6 million in April, possibly due to increase in optimism about finding employment, taking the labour participation rate to 41.98% in April, the highest in three years, he added..
In its April bulletin, the Reserve Bank of India said demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act has been moderating since January on the back of better winter crop sowing and a recovery in informal sector employment..
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