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The problem of unemployment has become serious for many countries. Unemployment has become a serious election issue in India for decades and many agitations have been witnessed due to this. If we talk according to the highest unemployment rate (India Unemployment Rate), then India is also included in the top countries of the world.
There is so much unemployment in India
According to data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate in India rose to 7.8 per cent for the second consecutive month in March 2023. According to CMI data, the unemployment rate in India’s urban areas stood at 8.51 per cent during the month of March, while it was 7.47 per cent in rural areas. Looking at it in this way, it is known that the unemployment situation in our country is very serious right now.
These 4 countries ahead of India
Why only India, unemployment remains a challenge for many countries. In some countries the unemployment rate is in double digits. According to a tweet from the Twitter handle named The World Ranking, South Africa currently has the highest unemployment in the world. The unemployment rate in this country is currently 32.7 percent. Even in Spain and Türkiye, the unemployment rate is more than 10-10 percent. Brazil ranks fourth with an unemployment rate of 8.8 per cent, while Italy is tied for fifth with India at 7.8 per cent.
countries with the highest unemployment
There is more than 5 percent unemployment in about a dozen countries of the world. After India, France is number one with unemployment of 7.2 per cent. At the same time, the unemployment rate in Argentina, Germany, Indonesia, China and Canada is more than 5-5 percent. See here the names of the countries with the highest unemployment in the world.
chronically high unemployment
Talking about India, the unemployment rate has remained around 7 percent for almost a year. In December 2022, it had reached a high level of 8.30 per cent. After that, there was a big decline in it in January and it came down to 7.14 percent. However, since then it has been increasing continuously and in March it has again reached near 8 percent. It seems as if the unemployment rate of 7 per cent is becoming the definition of new normal for India.
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