iBet uBet web content aggregator. Adding the entire web to your favor.
iBet uBet web content aggregator. Adding the entire web to your favor.



Link to original content: https://www.statista.com/chart/amp/20014/unemployment-rate-india/
Chart: Indian Unemployment Steady, But Youth Suffers | Statista

Unemployment

Indian Unemployment Steady, But Youth Suffers

After two spikes in unemployment in the country due to Covid-19 outbreaks and lockdowns in the past years, the Indian unemployment rate has remained more or less steady in 2022 and 2023, according to the Centre for Monitoring Indian Economy. In the third week of March, it stood at 7.3 percent.

However, the youth unemployment rate is shockingly high in India. Among those 15 to 19 years old who are looking to participate in the labor market, more than half were unemployed at the end of 2022. The rate was just a little lower for 20 to 24-year-olds. Almost 13 percent of 25 to 29 year-olds were jobless in the country at the end of last year, still many more than the average rate.

Youth unemployment as well as underemployment has been a long-standing problem in India and not even college degree are sufficient to shield younger workers from ending up without a job. As the Financial Times reports, India's growth industries are increasingly focusing on high-skilled labor while not being the most labor intensive (think IT, finance or real estate), resulting in selective hiring that leaves big swaths of the young Indian population behind.

Description

This chart shows the average (rural and urban) unemployment rate in India.

Download Chart
Unemployment rate in India 2023
Youth unemployment rate in India in 2023
Premium statistics
Unemployment rate in Latin America and the Caribbean 2001-2023
Premium statistics
Monthly unemployment rate in India 2023
U.S. seasonally adjusted unemployment rate 2022-2024
Unemployment rate in EU countries July 2024

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information