Unemployment rate rises to 7.45% in February, CMIE data shows

India’s unemployment rate rose to 7.45 percent in February, much higher than the 7.14 percent recorded the previous month, data from the Center for Monitoring the Indian Economy (CMIE) showed on Wednesday.

While the urban unemployment rate fell to 7.93 percent in February from 8.55 percent the previous month, the rural unemployment rate rose sharply to 7.23 percent from 6.48 percent, the data showed.

As of December last year, the country’s overall unemployment rate was 8.30 percent, with urban unemployment at 10.09 percent and rural unemployment at 7.44 percent.