The Central government in India is set to revolutionize the way unemployment figures are reported, with monthly releases starting from May 15. This new approach will cover data from January to March initially, with the goal of enhancing the frequency and transparency of labor market information. This move marks a significant step forward for the country, providing more up-to-date insights into the employment situation. In addition to the unemployment data, the government is also planning to disclose private capital expenditure information by the end of April. Furthermore, there are plans to widen the scope of data collection to encompass the service and informal sectors, offering a more comprehensive view of the economy. By increasing the frequency of reporting and expanding the range of data collected, the government aims to provide policymakers, businesses, and the public with a clearer understanding of the labor market dynamics and overall economic trends in India. This initiative underscores the government’s commitment to improving data accuracy and accessibility, which is crucial for informed decision-making and effective policy formulation.

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Indian Government to Release Monthly Unemployment Figures Starting May 15, Increasing Transparency in Labour Market Data.
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