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India's October Jobless Rate rises to 8.5%, Highest in Over 3 Years: CMIE

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday.

Reuters

Updated:November 1, 2019, 11:57 AM IST
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India's October Jobless Rate rises to 8.5%, Highest in Over 3 Years: CMIE
Image for Representation. (Reuters)

New Delhi: India's unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Friday, reflecting the impact of a slowdown in the economy.

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.

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