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Economy, Macro & Market Cycles

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Economy, Macro & Market Cycles

Unemployment Rate

The proportion of the labour force that is without work and actively seeking it.

Unemployment Rate = Unemployed Persons / Labour Force x 100, where the Labour Force excludes those not seeking work % Economy, Macro & Market Cycles

Union Budget

The government of India's annual statement of estimated receipts and expenditure, presented on 1 February.

Test: the document states revenue and capital receipts, revenue and capital expenditure, and the resulting deficits for the coming financial year ₹ crore