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Money News

India's October jobless rate rises to 6.98% - private think-tank CMIE

Job seekers line up for interviews at a job fair in Chinchwad, February 7, 2019. REUTERS/Danish Siddiqui/Files

NEW DELHI (Reuters) - India’s unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE).

The novel coronavirus has infected nearly 8.2 million people in the world’s second-most populous nation, hitting large parts of the economy.

Economic activity has resumed after the government eased pandemic lockdown restrictions.

Reporting by Manoj Kumar; Editing by Shri Navaratnam

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