Unemployment Rate in India [Updated]

Unemployment is a big problem in India that affects the country’s economy. India has a huge population with a diverse workforce, so changes in the unemployment rate have a big impact on the country’s growth. In this article, we will have a look at the latest unemployment rate in India and we will also learn how unemployment rate is calculated. 

Last 10 years Unemployment Rate in India 2024

Year	Unemployment Rate (percent)
2024	7.8 (September 2024)
2023	8.003
2022	7.33
2021	5.98
2020	8.00
2019	5.27
2018	5.33
2017	5.36
2016	5.42
2015	5.44
2014	5.44
2013	5.42
2012	5.41
2011	5.43
2010	5.55
2009	5.54
2008	5.41

• Unemployment Rate = Number of Unemployed Persons / (Number of Employed Persons + Number of Unemployed Persons)

To be classified as unemployed, an individual must meet specific criteria:

• They must be at least 16 years old and available to work full-time in the last four weeks.
• They should be actively seeking employment during this period.
• Some exceptions include individuals who are temporarily laid off and actively looking to rejoin their previous jobs.