As per the Economic Survey of India 2022-23, unemployment rates fell from 5.8% in 2018-19 to ________ in 2020-21.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 4.2%.
As per the Economic Survey of India 2022–23, the unemployment rate in India decreased from 5.8% in 2018–19 to 4.2% in 2020–21. This decline is attributed to the government's economic reforms and increased capital expenditure, which contributed to job creation during that period.
It's important to note that the unemployment rate can vary based on the source and methodology used for measurement. For instance, the Centre for Monitoring Indian Economy (CMIE) reported a higher unemployment rate of 7.2% in the October–December 2022 quarter, indicating discrepancies in unemployment data across different organizations.