Economists say the next prime minister will need to encourage businesses to step up investment to create job opportunities. Unemployment rose to 7.6% in April, the highest since October 2016, and up from 6.71% in March, data from private think-tank the Centre for Monitoring Indian Economy showed. An official survey that was withheld by the government showed India’s unemployment rate rose to 6.1%, the highest level in at least 45 years, in 2017/18, the Business Standard newspaper reported in January. TradeIndia's trade relationship with major partners, including the United States and China, remains on a shaky footing. US President Donald Trump's administration has called out India on its high tariffs, price caps on imported US medical devices and rules around e-commerce trade.

Source: Dhaka Tribune May 20, 2019 08:37 UTC