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India’s unemployment rate rises 5.6% in May from 5.1% in April

Economic Times

Economic Times · 1m ago

India’s unemployment rate rises 5.6% in May from 5.1% in April

India's unemployment rate increased to 5.6% in May 2025 from 5.1% in April, according to the Periodic Labour Force Survey. Both rural and urban areas saw a rise, especially among the youth, with rural youth unemployment at 13.7% and urban youth at 17.9%. The female unemployment rate was slightly higher at 5.8%. The Labour Force Participation Rate was 54.8%, down from 55.6% in April.

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Talent freeze: CXOs get picked, mid-level left waiting

Livemint

Livemint · 1m ago

Talent freeze: CXOs get picked, mid-level left waiting

India Inc. is experiencing a talent freeze, with mid-level managers facing hiring slowdowns while top-level positions remain filled. Factors such as the Middle East crisis, unclear business visibility, and the impact of artificial intelligence are contributing to this hesitancy. An 18-20% decline in hiring mandates is noted, alongside an increase in unemployment to 5.6% in May. The slowdown reflects a broader trend of reduced employment opportunities, particularly in rural areas.

World Bank raises India growth forecast to 7% for this fiscal year

VCCircle

VCCircle · 11m ago

World Bank raises India growth forecast to 7% for this fiscal year

The World Bank has increased its growth forecast for India to 7% for the current fiscal year, up from a previous estimate of 6.6%. The upward revision is attributed to government spending on infrastructure. India's economy slowed to 6.7% in the April-June quarter due to a decline in government spending during national elections. The World Bank expects India's medium-term economic growth to remain strong, with an average of 6.7% over the next two fiscal years. However, job creation remains a key challenge with the urban unemployment rate remaining high at an average of 17%.

WPI declines to 14-month low to 0.39% in May; food, fuel prices ease

Business Today

Business Today · 1m ago

WPI declines to 14-month low to 0.39% in May; food, fuel prices ease

In May, wholesale price inflation (WPI) decreased to 0.39%, the lowest in 14 months, owing to reduced prices in food articles, manufactured products, and fuel. This is a drop from 0.85% in April and significantly lower than the 2.74% rate recorded in May of the previous year, according to government data released on Monday.

Reciprocal tariffs to have limited impact on India: Global rating agencies

Business Today

Business Today · 4m ago

Reciprocal tariffs to have limited impact on India: Global rating agencies

India is set to face reciprocal tariffs from the US, effective April 2, following President Trump's announcement. With India’s trade-weighted average tariff at 12%, compared to the US’s 2.2%, S&P Global believes India’s strong economy and low US exposure mitigate huge impacts. However, sectors like steel and chemicals may face indirect challenges. Fitch and Moody's highlight potential risks to economic growth and exposed industries, while Goldman Sachs projects a small GDP impact.

India’s top state green energy firm mulls first local bond sale

Economic Times

Economic Times · 1d ago

India’s top state green energy firm mulls first local bond sale

NTPC Green Energy Ltd., India’s leading state-run green energy firm, is planning its first local-currency bond issuance amidst a surge in corporate debt sales, fueled by lower borrowing costs. The company, a unit of India’s largest power generator, may issue bonds worth 20 to 30 billion rupees after the Reserve Bank of India’s rate decision. Assigned a AAA rating by Crisil Ratings, the firm's strong liquidity and cash flows support this move.

UK job market slowdown raises concerns for international students

Economic Times

Economic Times · 1m ago

UK job market slowdown raises concerns for international students

The UK's rising unemployment rate, now at 4.6%, is adversely impacting international students seeking post-graduate work due to fewer job opportunities and increased competition. In May 2025, over 109,000 payroll jobs were lost, leading to declining job vacancies. These conditions make securing a Skilled Worker visa challenging, despite the Graduate Route visa offering two years to find employment. As hiring becomes costlier, entry-level wages lag behind living costs, prompting students to lower job expectations or face uncertain career prospects.

Domestic Coal Production Rises 4% in April

OutlookIndia

OutlookIndia · 3m ago

Domestic Coal Production Rises 4% in April

India's domestic coal production increased by 3.6% in April 2025, reaching 81.57 million tonnes compared to 78.71 million tonnes in the previous year. Production from captive and other mines also rose to 14.51 million tonnes from 11.46 million tonnes a year ago. By April 30, coal stock reached 125.76 million tonnes, up from 102.41 million tonnes last year, with Coal India Ltd's stock alone growing by 22.10% to 105 million tonnes.

Structural joblessness among youth causing uneven growth: Kamath

Inshorts · 1y ago

Structural joblessness among youth causing uneven growth: Kamath

Zerodha co-founder Nithin Kamath wrote on X that India’s growth will remain uneven due to structural unemployment. He urges the government to promote startup culture beyond big cities. Kamath hopes the budget addresses Section 54F, which offers tax exemptions for reinvesting in residential property, to include startup investments. He believes the benefits of this change outweigh the risks.

RBI rate cut to support growth; when credit offtake rises, so will deposits: Axis Bank CEO Amitabh Chaudhry

Economic Times

Economic Times · 1m ago

RBI rate cut to support growth; when credit offtake rises, so will deposits: Axis Bank CEO Amitabh Chaudhry

Axis Bank CEO Amitabh Chaudhry sees India’s growth largely unaffected by global challenges, with rate cuts expected to boost credit demand and, in turn, deposits. He's optimistic about Indian entrepreneurship, dismissing concerns over new generations favoring investments over business operations. The influx of Japanese banks in India doesn’t worry him, and he projects cautious optimism regarding deposit mobilization, credit growth, and private capital expenditure, underscoring that new entrepreneurs will drive growth in the coming years.

Canada to Curb Foreign-Worker Influx After Jobless Rate Jumped

Livemint

Livemint · 11m ago

Canada to Curb Foreign-Worker Influx After Jobless Rate Jumped

Canada is tightening restrictions on a program that allows companies to hire low-wage foreign workers. The move comes after criticism that the program has grown too quickly and failed to prevent the abuse of temporary workers. Currently, businesses can hire temporary foreign employees to fill up to 20% of their workforce, but this limit will soon be reduced to 10% for most sectors. Additionally, a previous rule banning the hiring of new temporary foreign workers for low-wage jobs in regions with an unemployment rate of 6% or higher will be reinstated. Certain industries facing labor shortages will be exempt from these changes. The decision to tighten restrictions comes as Canada faces rising unemployment rates and criticism over the exploitation of temporary workers.

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