Employment

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).