India’s Unemployment Rate Rises to 3-month High of 7.8% in March 2023

Current Context: According to the data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate increased to 7.8% in March 2023, marking a three-month high and indicating a decline in the country’s labour market conditions.

• The unemployment rate in the country surged in December 2022 to 8.30 percent but declined in January to 7.14 percent.
• It edged up again in February to 7.45 percent.
• In March, the unemployment rate in urban areas of India reached 8.4%, while in rural areas it stood at 7.5 percent.
• In March, unemployment was the highest in Haryana at 26.8 percent.
• It was closely followed by Rajasthan at 26.4 percent, Jammu and Kashmir at 23.1 percent, Sikkim at 20.7 percent, Bihar at 17.6 percent, and Jharkhand at 17.5 percent.

Question: 

Q.1 What is the unemployment rate in India in March 2023?
a) 7.8% 

b) 3.0% 

c) 10.0% 

d) 5.0%