Unemployment levels rising in India: ILO report
Indicating sluggishness in the country's job market, the International Labour Organisation (ILO) has said in its recent report that the unemployment scenario in India over the last two years has been showing a rising trend. Going by ILO's latest estimates, India's jobless rate could be 3.8 %this year. Ritu Mehrotra, VP Global HR and Talent Management of Bristlecone, a Mahindra Group company, said that due to migration to urban areas there is a sharp rise in the unemployment rate in rural areas as well.
Read the Economic Times news report here.