India's Unemployment rate all time high at 7.8% in March, highest in 3 months: CMIE data
New Delhi: According to data released by the Centre for Monitoring Indian Economy (CMIE) on Saturday, India's labor markets have been deteriorating, with the unemployment rate rising to 7.8% in March - the highest in three months. This follows a surge to 8.3% in December 2022, which declined to 7.14% in January this year, but edged up slightly to 7.45% a month later. The unemployment rate was higher in cities at 8.4% compared to 7.5% in rural areas.
Mahesh Vyas, the managing director of CMIE, explained that this problem is exacerbated by a fall in the labor force participation rate, which dropped from 39.9% to 39.8%. This led to a decrease in employment from 409.9 million to 407.6 million. According to experts, the end of the festive season that began in October last year until January this year, had a negative impact on employment in retail, supply chain, logistics, financial services and e-commerce. This resulted in a slowdown in fresh hiring, with the technology and start-up sectors also tightening their belts.
The data showed that the lowest unemployment rates were in Uttarakhand and Chhattisgarh at 0.8% each, followed by Puducherry at 1.5%, Gujarat at 1.8%, Karnataka at 2.3%, and Meghalaya and Odisha at 2.6% each.
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Tension in Koppal village over Ambedkar flag during fair; five arrested
Koppal: Tension prevailed in Halwarti village of Koppal taluk after a clash reportedly broke out between members of Dalit and upper-caste communities over the hoisting of an Ambedkar flag during the Beeralingeshwara fair.
According to police, a verbal argument between youths from the two communities escalated into a physical confrontation, leading to unrest in the village.
In a related development, it has been alleged that members of the upper-caste community entered the house of a Dalit youth, identified as Gavisiddappa Hosamani, damaged the door and vandalised the front portion of the house.
As a precautionary measure, additional police personnel have been deployed in the village to maintain law and order.
Police said a complaint has been registered at the Koppal Rural Police Station and five persons have been arrested in connection with the incident. Further investigation is under way.
