Formal job growth slows in October; EPF and ESIC see decline

December 26, 2024

The Ministry of Statistics and Programme Implementation reported a significant decline in new EPF and NPS subscribers in October 2024-25, with EPF subscriptions at their lowest at 0.75 million. While ESIC saw a slight increase, gender-wise analysis showed male subscribers faced higher subscription declines compared to females across EPF and ESIC.

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