CAREER
Unemployment grows in Indian cities. More pain ahead?
India’s unemployment rate rose to 5.1% in March, mainly due to rising joblessness in urban areas.
This was the highest figure in the last five months, government data showed.
Unemployment among women was higher, especially in urban areas.
What's in it for you?
- •JOB SEARCH PRESSURE MAY INCREASE: Recent data from the International Labour Organisation showed that the unemployment rate was higher among graduates than among the uneducated.
- •LARGER ECONOMIC IMPACT: Higher unemployment impacts the country’s productivity and consumer spend. It could also lead to issues of missed EMIs on loans.
- •MORE STRESS AHEAD: The AI effect and war uncertainties may further add to the unemployment stress in the country.
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