BUSINESS
01/11/2019 1:04 PM IST | Updated 01/11/2019 1:28 PM IST

India's Jobless Rate Rises To 8.5%, Highest In Over 3 Years: Report

Centre for Monitoring Indian Economy released data on Friday.

ASSOCIATED PRESS
Indian students from various student organizations participate in a protest rally in New Delhi, India, Thursday, Feb. 7, 2019.

NEW DELHI — India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Friday, reflecting the impact of a slowdown in the economy.

India’s infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.