Business Standard
Home / Opinion / Columns / EPFO data shows employment dip

EPFO data shows employment dip

The 46.34 million contribu­ting members in 2021-22 is much lower than the 48.92 mill­ion contributing members seen in the pre-pandemic year of 2019-20

Image
Premium

Mahesh Vyas
5 min read Last Updated : Jan 03 2023 | 12:18 AM IST
In December 2022, the Em­ployees’ Provident Fund Or­g­anisation (EPFO) released its annual report for 2021-22. According to this, 46.34 million members contributed to the EPFO during 2021-22. This was 0.06 million higher than the 46.28 million contribu­ting me­m­bers in 2020-21. The la­tter est­imate is sourced from the prev­ious year’s EPFO annual report.

The 46.34 million contribu­ting members in 2021-22 is much lower than the 48.92 mill­ion contributing members seen in the pre-pandemic year of 2019-20. Evidently, formal sect­or employment measured thro­ugh EPFO contributions had not recovered to its pre-pandemic levels till at least 2021-22. It had declined by 5.3
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www-business-standard-com-nalsar.knimbus.com or the Business Standard newspaper
Topics : EPFO EPFO data employment data

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in

HOT STOCKS
TOP SECTIONS
KEY EVENTS
Copyrights © 2024 Business Standard Private Ltd. All rights reserved
LinkedIN Icon