India Added 5.2 Crore New Formal Jobs In FY20-23: Report

Wednesday, 13 September 2023Newsdesk
 India Added 5.2 Crore New Formal Jobs In FY20-23: Report
The government has since April 2018 releasing monthly payroll data from the Employees Provident Fund Organisation or EPFO, the National Pension Scheme or NPS and the Employees State Insurance Corporation or the ESIC.

New Delhi 13 September 2023

As per news report of NDTV,The economy has added around 5.2 crore new formal jobs between FY20 and FY23, with the net addition being 2.7 crore, according to a report based on an analysis of the EPFO, NPS and ESIC data.  The government has since April 2018 releasing monthly payroll data from the Employees Provident Fund Organisation or EPFO, the National Pension Scheme or NPS and the Employees State Insurance Corporation or the ESIC, based on the recommendations given by Ghosh & Ghosh report.

Source - NDTV

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