Impressive Increase in Formal Employment Revealed by Latest EPFO and NPS Data

Monday, 15 July 2024, 06:24

The latest data from EPFO and NPS indicates a substantial growth in formal employment in India, with over 6.2 crore new subscribers added in just 6.5 years. This surge in numbers highlights a positive trend towards formal job creation, showcasing the improving economic landscape within the country. The significant rise in EPFO and NPS membership underscores a promising trajectory for the Indian workforce, reflecting a robust and expanding employment sector.
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Impressive Increase in Formal Employment Revealed by Latest EPFO and NPS Data

Formal Employment Growth Overview

The latest data from EPFO and NPS showcases a significant increase in formal employment in India, with the addition of over 6.2 crore new subscribers in just 6.5 years.

Positive Trend for Job Creation

The surge in membership numbers signals a promising outlook for the formal job market, indicating a growing and stable economic environment.

  • 6.2 crore new subscribers added to EPFO and NPS in 6.5 years
  • Positive trajectory for formal employment growth

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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