Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during October-December 2022 from 8.7 per cent a year ago, the National Sample Survey Office (NSSO) data showed.
While the budget provides respite to the middle class through tax relief measures, the 30 percent cut in spending on rural jobs programs will hurt the poor in India’s villages.
India's unemployment rate rose to 8 per cent in November, highest in three months, from 7.77 per cent in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday.