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India’s jobless rate falls to 11% in June as lockdown eases: CMIE
Photo Credit: VCCircle

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 the 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.

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