India’s Unemployment Rate Jumps to 8.5% in October, Highest in 3 Years

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New Delhi: Unemployment rate in India rose to 8.5% in October, which is the highest in the last three years.

According to data released by the Centre for Monitoring Indian Economy (CMIE), the rise in India’s unemployment rate in October was the highest since August 2016.

India’s infrastructure output dropped 5.2% in September from a year earlier, the worst performance in years, while the industrial output shrank at its fastest rate in more than six years in August.

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