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BusinesseconomyjobsIndian economy

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

Centre for Monitoring Indian Economy released data on Friday.
Manoj Kumar
Indian students from various student organizations participate in a protest rally in New Delhi, India, Thursday, Feb. 7, 2019.
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.

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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.