EPFO net formal payroll additions (monthly avg)

Verified

Before (baseline)

4.1lakh subscribers/month

as of 2018-04-01

Now (latest)

15.6lakh subscribers/month

as of 2024-03-31

Change

×3.8

Over time

lakh subscribers/month · source-verified data points only

Context & shortfalls

EPFO started publishing monthly payroll data from April 2018 — pre-2018 baseline is not directly comparable. Net additions = new members minus exited members. Covers only formal salaried employment (establishments with 20+ workers). India's total workforce is ~500 million; formal sector share remains ~10–15%. Informal and self-employment are not captured. PLFS (Periodic Labour Force Survey) shows overall unemployment rate fell from 6.0% (2017-18) to 3.2% (2023-24).

Source

Employees' Provident Fund Organisation (EPFO) monthly payroll data

https://www.epfindia.gov.in/site_en/Payroll_Data.php ↗

Data as of 2024-03-31. Large national figures change frequently — verify at source before citing.