The Central government of India is set to introduce a new system for releasing monthly unemployment figures, starting from May 15. This move comes as part of an effort to enhance the frequency and transparency of labor market data in the country. The initiative will kick off by covering data from January to March initially. Additionally, the government is gearing up to unveil private capital expenditure data by the end of April. Furthermore, there are plans to broaden the scope of data collection to encompass the service and informal sectors as well. This step marks a significant development as it will provide more accurate and up-to-date insights into the state of employment in India. Stay tuned for the latest updates on this crucial development in the Indian labor market.