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India’s Oct jobless rate rises to 8.5%, highest in over 3 years: CMIE

India's infrastructure output fell 5.2 per cent in September from a year earlier, the worst performance in years, government data showed on Thursday.

India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday, reflecting the impact of a slowdown in the economy.

India’s infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.

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