Over 52 Million Formal Jobs Generated in India between FY20-23

  • From 2020 to 2023, India created more than 5.2 crore new formal jobs as per the government’s payroll data.
  • During this period, the Employees Provident Fund Organisation (EPFO) saw a net increase of 2.27 crore new subscribers.
  • State, central, and non-government jobs collectively added 8.24 lakh new subscribers to the National Pension Scheme (NPS) in FY23 alone.
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