Unemployment rate hits 4-month high in December amid Covid surge

India's unemployment rate shot up to hit a four-month high in December. Many economists worry that the Omicron variant could reverse the economic recovery seen in the previous quarter.

India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.

The unemployment rate rose to 7.9% in December from 7.0% in November, its highest since 8.3% in August.