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.



Related Last Previous Unit Reference
Employment Rate 46.60 46.00 percent Dec 2023
Labor Force Participation Rate 49.90 49.30 percent Dec 2023
Minimum Wages 178.00 178.00 INR/Day Dec 2023
Population 1373.76 1361.34 Million Dec 2022
Retirement Age Men 60.00 60.00 Years Dec 2023
Retirement Age Women 60.00 60.00 Years Dec 2023
Unemployment Rate 7.64 8.01 percent Mar 2024

India Unemployment Rate
In India, the unemployment rate is estimated by directly interviewing a large sample of randomly selected households. Centre for Monitoring Indian Economy Consumer Pyramids panel of households includes over 174,405 households including over 522,000 members who are over 15 years old.
Actual Previous Highest Lowest Dates Unit Frequency
7.64 8.01 23.50 6.40 2018 - 2024 percent Monthly