Are Indian employers hiring more now as EPFO monthly subscriber additions hit record high?
EPFO latest enrollment data: The Ministry of Labour and Employment said that it had added 18.92 lakh net members during April 2024, a record since the ministry started collecting data in April 2018, a 31.29 per cent surge from the corresponding figure for March 2024. The five states with the most new EPFO members are Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.
![Are Indian employers hiring more now as EPFO monthly subscriber additions hit record high?](https://cdn.zeebiz.com/sites/default/files/2024/06/21/300731-epfo-2-take.jpg?im=FitAndFill=(1200,900))
One of the main highlights of the data is the dominance of the 18–25 age group, constituting a significant 55.5 per cent of the total new members added in April 2024. Photo: File/Representational