Ramaswami: Unemployment is growing world-wide. In US, more than 2.2 crore people have registered for unemployment benefits; in France, nearly one crore have applied for unemployment benefits. The same is the situation in most of the countries in the developed world. In our country, according to the Centre for Monitoring Indian Economy (CMIE), the overall rate of unemployment increased to 23.8 per cent from 8.4 per cent within a week’s time. For the week ending April 5, the estimated rate of unemployment was 23.4 per cent for all of India, with unemployment at 30.9 per cent in urban areas and 20.2 per cent in rural areas. International Labour Organisation (ILO) has warned that 40 crore workers in the informal sector could fall deeper into poverty.