New Delhi, Dec. 2 -- Minister of State for Finance Pankaj Chaudhary said in Rajya Sabha on Monday that India has recorded a significant decline in both unemployment and inflation, supported by targeted government interventions.

In written reply to a question in theUpper House, he said the all-India annual unemployment rate for individuals aged 15 and above (usual status) fell from 6 per centin 2017-18 to 3.2 per centin 2023-24.

Retail inflation, measured by the Consumer Price Index (CPI), also eased considerably from an average of 5.4 per centin 2023-24 to 4.6 per centin 2024-25, the lowest level in six years.

It moderated further to 1.9 per cent during April-October 2025. While economic theory suggests that high unemployment may reduc...