India's unemployment rate has drastically dropped to 6.43% in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy (CMIE).
During August, India's unemployment rate surged to a one-year high of 8.3% as employment sequentially fell by 2 million to 394.6 million.
"In September, the unemployment rate has fallen significantly with an increase in labour participation in both urban and rural areas," CMIE managing director Mahesh Vyas told PTI over the phone on Saturday.
