Business Standard

EPFO data is not employment data

The data released so far implies an average addition of 0.52 million accounts a month with a monthly variation ranging from 0.39 to 0.65 million


Mahesh Vyas
The Employees' Provident Fund Organisation (EPFO) released provisional estimates of payroll by age buckets according to its records. The data show that there were 3.11 million additions to the payrolls database during the six months from September 2017 to February 2018.

This is an important new series of data on employment in the organised sector in the country. It is expected that such data will be released regularly every month. If it does, then over time this could become one of the lead indicators of the health of the Indian economy. So, the EPFO and NITI Aayog (who apparently has
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Apr 30 2018 | 11:59 PM IST

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