Record formal job creation likely in 2024-25, but fewer new employers join EPFO - Work4u

Thursday, 24 April 2025

Record formal job creation likely in 2024-25, but fewer new employers join EPFO

India anticipates a record high in formal job creation for fiscal year 2024-25. This suggests strong hiring driven by robust economic growth. Preliminary data from the Employees' Provident Fund Organisation indicates a surge in net formal jobs. The cumulative figure is expected to surpass previous records. However, new establishments joining the EPFO may be among the lowest since 2018-19.

from Careers-Economic Times https://ift.tt/Xn4ZoGg