India Unemployment Rate 2023 [7.45] – State Wise, India Vs World

India Unemployment Rate –The most recent data on India’s unemployment have been made available by the Centre for Monitoring the Indian Economy. The most recent CMIE analysis indicates that unemployment has increased in the past month. In February 2023, the unemployment rate in India was determined to be 7.45 percent. Since it was 7.14 percent in January 2023, this is a significant increase in the India Unemployment Rate in 2023. This implies that a lot more youths are jobless in India. It has additionally been accounted for that the state with the most noteworthy joblessness rate in India is Haryana with 29.4% and the state with the least joblessness rate is Chhattisgarh with 0.8%.

The CMIE’s official website provides state-by-state and month-by-month breakdowns of the India unemployment rate for 2023. The unemployment rate for your state can be found on the official unemploymentinindia.cmie.com website.

India Unemployment Rate 2023

The India Joblessness Rate 2023 for the long stretch of February 2023 has been delivered by the CMIE. It is accessible to everyone from the CMIE’s homepage. The data are released weekly and monthly following an analysis of unemployment in each state. The Indian government is able to come up with a variety of solutions to the issue of unemployment thanks to these data. The Central and State governments frequently introduce new policies to increase employment throughout the nation.

In India, the desire of many young people to earn money without working is the primary factor contributing to unemployment. They generally engage in illegal activities when they are looking for simple ways to earn money. In addition, due to its benefits, almost everyone in their 20s is attempting to prepare for jobs in the State and Central Government. As a result, there is a lot of competition for these positions in the hiring process, but there are not enough openings. As a result, the majority of kids walk away empty-handed.

India Unemployment Rate

India Unemployment Rate 2023 Details

The most recent month’s Unemployment Rate for 2023 India is available on the CMIE’s official website. The website can be accessed by any citizen of the nation to check their state’s unemployment rate.

Name India
Government Government of India
Year 2023
Conducting Body Centre for Monitoring Indian Economy (CMIE)
Prime Minister Narendra Modi
President Droupadi Murmu
States 28
India Unemployment Rate 2023 January 7.14
India Unemployment Rate 2023 February 7.45
India Unemployment Rate 2023 December 2022 8.30
Article Category News
Official Website unemploymentinindia.cmie.com

 

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India Unemployment Rate 2023 Month Wise List

The Centre for Monitoring the Indian Economy (CMIE) provides access to the India Unemployment Rate 2023 Month-Wide List on its website. The table below also contains this list, which is available for the past year.

Month Unemployment Rate (in %)
February 2023 7.45%
January 2023 7.14%
December 2022 8.30%
November 2022 8.03%
October 2022 7.92%
September 2022 6.43%
August 2022 8.28%
July 2022 6.83%
June 2022 7.83%
May 2022 7.14%
April 2022 7.83%
March 2022 7.57%

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India Unemployment Rate 2023 State Wise List

The CMIE’s website also contains a state-by-state list of the India unemployment rate for 2023. After carefully analyzing the state’s monthly unemployment rate, this list was created. The state-by-state list is also available in the table below.

State Unemployment Rate (in%) in February 2023
Andhra Pradesh 6.6%
Assam 8.6%
Bihar 12.3%
Chhattisgarh 0.8%
Delhi 8.6%
Goa 11.1%
Gujarat 2.5%
Haryana 29.4%
Himachal Pradesh 13.9%
Jammu & Kashmir 17.1%
Jharkhand 16.8%
Karnataka 2.5%
Kerala 5.6%
Madhya Pradesh 2.0%
Maharashtra 5.6%
Meghalaya 4.1%
Odisha 2.1%
Puducherry 2.2%
Punjab 8.2%
Rajasthan 28.3%
Sikkim 21.0%
Tamil Nadu 3.0%
Telangana 5.8%
Tripura 11.7%
Uttar Pradesh 4.0%
Uttarakhand 2.3%
West Bengal 4.4%

India Unemployment Rate 2023 Challenges

In order to provide youth with employment, the Indian government must overcome numerous obstacles. Because of these obstacles, government policies can’t reach everyone in the country. The issues that will have the biggest impact on India’s unemployment rate in 2023 are outlined below.

  1. Theoretical Education-While the majority of Indian educational establishments place a high value on theoretical knowledge, they do not place the same emphasis on practical skills. This kind of instruction delivers the competitors unequipped for carrying out pragmatic roles really.
  2. Lack of alternative jobs for workers in the agriculture sector- Numerous agricultural workers are unable to find alternative employment. They are mostly unemployed for the remainder of the year because they can only work for a short time.
  3. Increasing population- One of the main factors contributing to India’s unemployment rate is the country’s recent population growth. This implies there are a lot more individuals in their 20s and 30s however there are insufficient positions for everybody.
  4. Improper Attitude-Many young people are only interested in finding work and are not interested in starting their own businesses. The government is having a hard time finding jobs for everyone because of this.
  5. Increasing inflation-Product demand is also declining as the country’s inflation rate rises. The country’s unemployment rate rises as a result.

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Unemployment Rate in India VS World

India isn’t the main country that is battling joblessness. The issue of India’s unemployment rate is also being addressed by a number of nations around the world. Some of the nations with unemployment rates comparable to India are listed below.

Country Unemployment Rate (in %)
Nigeria 9.79%
Angola 8.53%
Egypt 9.33%
Honduras 8.51%
Bolivia 8.51%
Uzbekistan 7.16%
Mongolia 7.08%
Nicaragua 5.96%
India 5.98%
El Salvador 5.94%
Sri Lanka 5.40%
Bangladesh 5.23%
Kenya 5.74%
Ghana 4.70%
Pakistan 4.35%
Indonesia 4.41%
Bhutan 4.33%
Vietnam 2.17%
Lao PDR 1.26%
Philippines 2.41%
Myanmar 2.17%
Papua New Guinea 2.75%
Cambodia 0.61%
Solomon Islands 1.03%

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