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Formal job additions decline further in November: MoSPI

Indias formal job market faced a decline in November, attributed to festive celebrations. Preliminary data reveals a 5% drop in new subscribers to the Employees Provident Fund (EPF) and a 10.5% decline in the Employees State Insurance Corporation (ESIC), marking the lowest figures in nearly two years. In contrast, the National Pension Scheme (NPS) experienced a 52% rise in new subscriptions, largely driven by state governments. Overall, formal job additions have dwindled for the fourth consecuti...
National Pension Scheme Employee Provident Fund Employee State Insurance Corporation Formal Job Additions Social Security Schemes Epf Scheme

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