New Delhi: With India still battling with the economic crisis, the unemployment rate in the country rose to 7.78 per cent in February, the highest since October 2019. In January, the unemployment rate was recorded to be 7.16 per cent, as per data released by the Centre for Monitoring Indian Economy (CMIE) said on Monday. Also Read - India's Economy Out Of Technical Recession As GDP In 3rd Quarter Shows Growth At 0.4%

In rural areas, the unemployment rate increased to 7.37 per cent in February, as compared to 5.97 per cent in the previous month. In urban areas, unemployment fell to 8.65 per cent from 9.70 per cent, a Reuters report quoted the data by the Mumbai-based private think-tank. Also Read - Inflation Unchecked Since Modi Became PM, Life of Most Indians Affected in 2020: Key Takeaways From IANS-CVoter Pre-Budget Survey

Notably, the Gross Domestic Product (GDP) growth was registered at 5.6 per cent in the corresponding quarter of 2018-19, as per the data released by the National Statistical Office (NSO). The analysts have predicted further degradation due to Coronavirus outbreak, which has stifled growth in Asia’s third-largest economy. Also Read - Budget 2021: Will The Govt Provide Big Income Tax Relief This Year? Key Expectations Here