India's unemployment rate at 45-year high, confirms ministry

The Union government on Friday officially confirmed that the unemployment rate in the country is at a 45-year high. The data released by the Ministry of Statistics shows that India's unemployment rate stands at 6.1 per cent in 2017-18, a 45-year high.

In a report publishes by Business Standard before the last government's last budget on February 1, the same figures were mentioned adding that they were based on a leaked official report. However, the government back then rejected the report and claimed that the final figures have not been finalised.

The Business Standard report said the unemployment rate was 6.1 per cent in 2017-18, post demonetisation, and was at its highest level since 1972-73—the period since when the jobs data is comparable.

—The story will updated once more details emerge