The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down.
Unemployment rate in India was 6.1% in 2017-18 as per new PLFS
As per the new Periodic Labour Force Survey (PLFS) being conducted by the Ministry of Statistics and Programme Implementation (MosPI), the labour force participation is 36.9 % and the rate of unemployment for 2017-18 is 6.1%. The government is conducting a new PLFS with new parameters and bigger sample size, and its results cannot be compared with previous surveys. It’s an attempt to provide authentic data.
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