EXCLUSIVE: India's urban unemployment rate between January and March this year fell to 9.3%, the lowest in at least four quarters by sudvaradhan aftabahmed00
NEW DELHI - India’s urban unemployment rate between January and March this year fell to 9.3%, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters.
The urban unemployment rate of the January-March quarter compared with 9.9% in the preceding quarter. Quarterly data prior to the April-June 2018 survey period is not available and the January-March quarter’s rate is the lowest since then.The estimates were arrived at using the so-called “current weekly status” method which gives an average picture of unemployment in a short period of seven days preceding the survey period, the document said.
The first extensive annual report for the July 2017-June 2018 period, leaked in February and published in the Business Standard newspaper, showed unemployment rate was the highest in at least 45 years. Modi’s government officially released the report in May.
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