During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added
Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force
"This is a silly comparison...suggestions of any parallels between India and Sri Lanka currently are laughable," Panagariya said
They asserted that it is difficult to get the real picture of unemployment from the methodology used by the CMIE to get the data.
The massive fall in number of jobs last month was triggered by higher unemployment rate in rural areas, which went up to 8.03 per cent from 6.62 per cent in May