The Consumer Pyramids survey conducted by the Centre for Monitoring Indian Economy Pvt. Ltd, (CMIE) between September and December 2021 among rural and urban households in India showed that, people who were graduates including those who went further in their education had the highest unemployment rate in India in 2021, with a share of 19.4 percent, made up the highest unemployment rate in 2021.
This was followed by individuals who completed their higher secondary education (10th - 12th), who had an unemployment rate of just above ten percent.
This trend continues, as the level of education reduced, the unemployment rate reduced. With people who completed their secondary school education having an unemployment rate of just around two percent, and people who had a primary school education had an unemployment rate of just under one percent.
Unemployment made worse by pandemic
The unemployment rate has been growing in the country for the last couple of years. The rates were higher in urban areas than in rural areas and saw a similar trend among gender. The unemployment situation in the country was the major cause of worry and anxiety among many Indians. The coronavirus (COVID-19) pandemic had only accelerated the unemployment rates, and the situation is expected to improve with many joining the labor force in the days following lifting of lockdown restrictions.
As per the budgetary estimates by the Indian government, there has been a deficit in the estimates of the number of jobs to be created compared to the actual jobs created over the years. Even though only 26 percent graduates were being hired, the organized sectors of employment in the country grew at nearly 29 percent in financial year 2020.
Unemployment rate across India in 2021, by maximum education level
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CMIE. (January 6, 2022). Unemployment rate across India in 2021, by maximum education level [Graph]. In Statista. Retrieved September 27, 2022, from https://www.statista.com/statistics/1001039/india-unemployment-rate-by-education-level/
CMIE. "Unemployment rate across India in 2021, by maximum education level." Chart. January 6, 2022. Statista. Accessed September 27, 2022. https://www.statista.com/statistics/1001039/india-unemployment-rate-by-education-level/
CMIE. (2022). Unemployment rate across India in 2021, by maximum education level. Statista. Statista Inc.. Accessed: September 27, 2022. https://www.statista.com/statistics/1001039/india-unemployment-rate-by-education-level/
CMIE. "Unemployment Rate across India in 2021, by Maximum Education Level." Statista, Statista Inc., 6 Jan 2022, https://www.statista.com/statistics/1001039/india-unemployment-rate-by-education-level/
CMIE, Unemployment rate across India in 2021, by maximum education level Statista, https://www.statista.com/statistics/1001039/india-unemployment-rate-by-education-level/ (last visited September 27, 2022)