India’s unemployment rate touched ___ in December 2021.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 7.9%.
According to data from the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate did touch 7.9% in December 2021. This represented a four-month high at the time, reflecting a rise from previous months. Both urban and rural areas saw an increase in joblessness, with urban unemployment being particularly higher. This surge was largely attributed to muted economic activity and a decline in consumer sentiment, influenced by the emergence of the Omicron variant of COVID-19.