Unemployment rate falls, but still too high

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

The unemployment rate in India fell to 7.1 per cent in January 2023 from 8.3 per cent in December 2022. This is a sharp fall, not just from the December level but also the levels of the preceding two months that averaged at around 8 per cent. In spite of this substantial fall in January, the unemployment rate continues to remain elevated. An unemployment rate of over 7 per cent seems to be the new norm in India. This is rather high for a country that boasts of being among the fastest growing economies in the world.
 

According to The