Indian Unemployment Rate 2024. The rise in lfpr was accompanied by an increase in the worker population ratio (percentage of labour force that is employed) and a decrease in the open unemployment. As of march 2024, the urban unemployment rate for individuals aged 15 and above had dropped to 6.7 %, down from 6.8% in the same quarter the previous year.
According to the centre for monitoring indian economy, an economic think tank, the unemployment rate was 7.6% in march. Unemployment rate in india increased to 9.20 percent in june from 7 percent in may of 2024.