India’s unemployment rate rises to 27.11% amid COVID-19 crisis: CMIE As per CMIE’s data, the monthly unemployment rate in April stood at 23.52%, up from March’s 8.74%. The coronavirus ( COVID-19 ) crisis has led to a spike in the country’s unemployment rate to 27.11% for the week ended May 3, up from the under 7% level before the start of the pandemic in mid-March, the Centre for Monitoring Indian Economy (CMIE) has said. The Mumbai-based think tank said the rate of unemployment was the highest in the urban areas, which constitute the most number of the red zones due to the coronavirus cases, at 29.22%, as against 26.69% for the rural areas. Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections. Scenes of migrants fleeing urban centres including Delhi and Mumbai only confirmed the long-held concerns on their employment a
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