Published On: Wed, Jul 1st, 2020

India’s June jobless rate falls to 11%: private think-tank CMIE

New Delhi: India’s unemployment rate in June fell to 11% from 23.5% in May, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Wednesday as economic activities resumed after government eased pandemic lockdown restrictions.

Large crowds of jobless people are not uncommon in India at the moment due to coronavirus crisis.

The virus has infected over half a million people in the world’s second-most populous nation, hitting economic activity, but fall in unemployment rate suggested the worst may be over for the economy, at least for now.

Separately, the finance ministry in a statement on Wednesday said the gross Goods And Services Tax collections, an indicator of economic activities, in June touched 909.17 billion rupees, equal to 91% Of the collections in the same month last year.

Reuters

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