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Unemployment in India soars to 5-year high of 5%

  • 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 india soars


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.



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