EPFO data shows employment dip

The 46.34 million contributing members in 2021-22 is much lower than the 48.92 million contributing members seen in the pre-pandemic year of 2019-20

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Mahesh Vyas

5 min read Last Updated : Jan 03 2023 | 12:18 AM IST

In December 2022, the Employees’ Provident Fund Organisation (EPFO) released its annual report for 2021-22. According to this, 46.34 million members contributed to the EPFO during 2021-22. This was 0.06 million higher than the 46.28 million contributing members in 2020-21. The latter estimate is sourced from the previous year’s EPFO annual report.

The 46.34 million contributing members in 2021-22 is much lower than the 48.92 million contributing members seen in the pre-pandemic year of 2019-20. Evidently, formal sector employment measured through EPFO contributions had not recovered to its pre-pandemic levels till at least 2021-22. It had declined by 5.3

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : EPFO EPFO data employment data

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EPFO data shows employment dip

The 46.34 million contribu­ting members in 2021-22 is much lower than the 48.92 mill­ion contributing members seen in the pre-pandemic year of 2019-20

The 46.34 million contributing members in 2021-22 is much lower than the 48.92 million contributing members seen in the pre-pandemic year of 2019-20