- India's unemployed youth have more bad news coming in as the government says that jobs are getting fewer by the day
- Unemployment figures could ring alarm bells for the NDA
Unemployment rate in India has shot up to a five-year high of 5% in 2015-16, with the figure significantly higher at 8.7% for women as compared to 4.3% for men, says a report by the Labour Bureau.
The figures could be an alarm bell for BJP-ruled-government at the Centre, which has taken a series of steps such as 'Make in India' to create jobs for inclusive growth in the country.
According to the fifth annual employment-unemployment survey at all-India level, about 77% of the households were reported to be having no regular wage/salaried person.
It said the unemployment rate was estimated to be 5% at all-India level under the UPS (Usual Principal Status) approach.
Unemployment rate was 4.9% in 2013-14, 4.7%(2012-13), 3.8% (2011-12) and 9.3% (2009-10). "In rural sector, unemployment rate was 5.1% whereas in urban sector, the rate was 4.9% under the
UPS approach," the report said.
The figure was significantly higher among females compared to males. Female unemployment rate was estimated to be 8.7%.
In urban areas, female unemployment rate was estimated to be 12.1%.
The survey was conducted across all states and union territories during April 2015 to December 2015.
Last Updated 31, Mar 2018, 6:45 PM IST