CMIE

Analysts say slowing growth globally may limit future investments

Higher borrowing costs are already weighing on India's economy, data show

While the relatively richer and poorer households have seen their consumer sentiments spurt, the middle income households have seen slower growth in their sentiments

The largest provider of employment in Maharashtra is the agricultural sector

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

An analysis of EPFO data for October 2021 to October 2022, finds that the monthly share of women's registration has consistently remained lower than 28%

The recovery in consumer sentiments from the pandemic has been the slowest among all economic indicators

India, incidentally, was the fastest country to report the unemployment rate for the month of January 2023

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates

The consolidation of consumer sentiments in November rests upon an expectation that the economy will do well in the near- and medium-term future

The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies

The unemployment rate among men and women has been estimated at 6.6 and 9.4 per cent, respectively

The additional funds will be used to bulk up job and affordable housing schemes in the fiscal year ending March 2023

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

Here is the best of Business Standard's opinion pieces for today

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

While consumer expectations grew in both rural and urban regions, the rate of increase was much higher in urban than in rural areas

"The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill said.