Unemployment Rate in India decreased to 7.64 percent in March from 8.01 percent in February of 2024. Unemployment Rate in India averaged 8.17 percent from 2018 until 2024, reaching an all time high of 23.50 percent in April of 2020 and a record low of 6.40 percent in September of 2022. source: Centre for Monitoring Indian Economy
Unemployment Rate in India is expected to be 6.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Unemployment Rate is projected to trend around 6.90 percent in 2025 and 7.10 percent in 2026, according to our econometric models.