Unemployment Rate In India

Overview

BSE and CMIE have collaborated to fill an important gap in India's statistical database by measuring unemployment through an extensive and representative household survey.
  • India's unemployment rate is an important indicator for measuring the health of its economy.
  • Unemployment rate is also useful in anticipating emerging trends and therefore taking appropriate measures to manage and sustain growth.
  • This survey is a potentially important input in determining the monetary policy of RBI, which currently relies largely on the index of Industrial Production (IIP) to gauge supply trends. It should be noted that the IIP covers only organised industries and not the service sector.
  • This joint effort has produced a 30-day moving average measure of the unemployment rate in India, every day and a monthly unemployment rate. This is the first instance of non-governmental organisations producing an unemployment measure for any country in the world. This is also the first instance of fast-frequency unemployment data being generated.
  • The unemployment rate in India is estimated from data collected regarding the employment / unemployment status of all members of 15 years and more of a sample of randomly selected households.

30 Days Moving Average
Weekly Graph
India - Label Urban - Label Rural - Label
Monthly Graph
India - Label Urban - Label Rural - Label


Unemployment remains steady

On 23 March 2017, the 30-day moving average of the all India unemployment rate stood at 4.46 per cent, unchanged from the previous day. Across regions, rural unemployment stood steady while its urban counterpart edged up marginally.
The 30-day moving average of rural unemployment rate remained steady at 3.81 per cent as compared to the previous day. However, the 30-day moving average of urban unemployment rate increased marginally by 1 basis point to 5,74 per cent for the same period. As a result of this minute divergence, the urban-rural differential increased by 1 basis point to 193 basis points.