Showing posts with the label india unemployment

India's CPI Inflation rose to 6.52 Percent - January 2023

 India's CPI Inflation rose to 6.52 Percent - January 2023   Post September 2022, India's Retail Inflation (Consumer Price Index - CPI) which had been decreasing for three months in a row, increased to 6.52 Percent in the month of January this year. However the said inflation rate is less than the level seen in April 2022 where it was 7.79 Percent. It is noteworthy that the current said inflation rate is above the Central Bank's Target of 2 to 6 Percent. In the previous year, January 2022 the retail inflation stood at 6.01 Percent. The current said inflation rate of 6.52 Percent in the month of January 2023 rose due to Food inflation. The Food inflation was increased to 5.94 Percent. Like the housing inflation prices were also increased by 4.62 Percent and Tobacco products by 3.07 Percent. Meanwhile, the prices of Light and Fuel, Clothing and Footwear were broadly unchanged and slightly came down.   The January 2023 inflation rate was slightly higher than the Market expecta

Unemployment Rate in India - Recent Data - August 2019

Unemployment Rate in India - Recent Data - August 2019 Currently, the Unemployment rate in India is at its highest in the last 30 Years. Prior to that, India's highest unemployment rate was 8.30 Percent in 1983 and the lowest rate of 3.53 Percent, which was seen in the year 2011. In August 2019, the Country's Unemployment rate stood at 8.19 Percent. According to the CMIE Website, it is 9.71 Percent in Urban and 7.48 Percent in Rural. Since 1983, India's Unemployment rate averaged 4.32 Percent. India's Unemployment rate is slightly higher than other Emerging Countries. However we cannot consider the Unemployment rate alone for Economic Growth. We also need to lookout the Inflation, GDP, Fiscal and Trade Deficit numbers. The Unemployment rate on the other hand, is poorly documented in terms of the number of Unorganized workers and the number of Entrepreneurs. If these data are available, it will be known whether they support for the Economy of the Country or indeed - Unem