Unemployment in villages and cities is worrying, fears of a third wave have raised fears

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New Delhi, 26 July 2021 Monday

Due to Corona, unemployment in India has risen very fast in the last few days. The report by the Center for Monitoring the Indian Economy (CMIE) has revealed shocking figures. As per its report released on Monday, the unemployment rate in India was 5.98 per cent as on July 18, while it has reached 7.14 per cent as on July 25.

Unemployment has reportedly increased in urban and rural areas. However, in the month-wise figures, the unemployment rate has come down somewhat. It was up to 10 percent in June, but after the second wave of Corona, the economic front has improved slightly, with a decline. Experts claim that the restrictions imposed to control the corona have led to an increase in unemployment. While the prospect of a third wave is also presenting a worrying picture for the future.

Decrease in commercial activity

CMI monitors the country's labor market. According to him, the urban unemployment rate reached 8.01 last week. It was 7.94 percent last week. Meanwhile, the unemployment rate in rural areas stood at 6.75 per cent, much lower than last week's 5.1 per cent.

The figures released by Nomura India Business Reception Induction (NIBRI) have come down to 95.3 from 96.4 last week. The decline in these figures reflects a decline in trade activity. According to the organization that prepared the figures, the figures were correct even before the Corona wave. However, compared to the epidemic, this was reduced by 4.7 per cent.

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