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.
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