"The OECD report says that India also has the lowest rate of jobless people among BRIC nations. The country's unemployment rate stood at 6 per cent in 2005, compared with China's 8.3 per cent, Russia's 7.9 per cent and Brazil's 9.3 per cent. Moreover, the employment to population ratio is also lowest in India, the world's second-most populous country after China, at 50.5 per cent in 2005. In contrast, it stood at between 66-71 per cent in the other three BRIC countries."
Aren't these statements contradictory? India is supposed to have lower unemployment rate as well as employment rate? Which number should we feel happy about?
