NEW DELHI – India’s unemployment rate in June fell to 11% from 23.5% in May, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Wednesday as economic activities resumed after government eased pandemic lockdown restrictions.
The virus has infected over half a million people in the world’s second-most populous nation, hitting economic activity, but fall in unemployment rate suggested the worst may be over for the economy, at least for now.
Separately, the finance ministry in a statement on Wednesday said the gross Goods And Services Tax collections, an indicator of economic activities, in June touched 909.17 billion rupees, equal to 91% Of the collections in the same month last year.
July 1, 2020
Reporting by Manoj Kumar; editing by Louise HeavensOur Standards:The Thomson Reuters Trust Principles.