In January 2021 India recorded a significant fall in the unemployment rate and an equally impressive increase in the employment rate. The unemployment rate fell to 6.5 per cent from 9.1 per cent in December 2020 and the employment rate rose to 37.9 per cent from 36.9 per cent. These are big positive changes.
The number of people employed increased from 388.8 million in December 2020 to 400.7 million in January 2021. This is a big increase. Nearly 12 million additional people found employment during January. This is big because month-over-month variations in employment rarely crossed the 5 million mark before
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