Question

As per CMIE Data, what is India’s unemployment rate in December 2021?

• A. 4.91%
• B. 6.21%
• C. 7.91%
• D. 9.11%

Answer 1

Answer:

C. 7.91%

According to the data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate reached a four-month high of 7.91% in December. This is compared to the rates of 7% and 7.75 per cent in November and October 2021. The unemployment rate was at its highest since 8.3% in August. The urban and rural unemployment rate rose to 9.30% and 7.28% respectively. The rise in unemployment was due to muted economic activity and consumer sentiment, due to Omicron variant.