The unemployment rate rose to 7.78 percent in February: a four-month high

New delhi date. March 2, 2020, Monday

The central government is claiming to bring the economy on the brink, but figures are pointing to the other side. After the downturn in various sectors of the economy, the unemployment figures are also indicating a slowdown.

The unemployment rate in the country increased to 7.78 percent in February. Which is the highest since October, 2019. In October 2019, the unemployment rate was 8.10 percent.

The unemployment rate in January, 2020 was 7.16 percent. The data comes from data released by the Center for Monitoring Indian Economy (CMIE).

This unemployment rate is showing the impact of the downturn in the country's economy. A previous report countered that the unemployment rate in 2019 is at the highest level in 45 years.

In the third quarter (October to December), the country's economy has grown at the slowest pace in the last 6 years. Experts estimate that the country's economy is likely to decline further due to the outbreak of corona virus worldwide.

In the third quarter, the country's economic growth rate increased by 4.7 percent compared to the previous quarter. For the second quarter, the economic growth rate was 4.5 percent. Which is at a 6.5 year low level.

During the April-December period of the current financial year, the Indian economy has grown at 5.1 per cent. The growth rate was 6.3 percent in the corresponding period of the previous financial year.