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National Statistical Office Released Formal Employment Perspective With Payroll Reporting

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The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released Employment Outlook of the country covering the period September 2017 to February 2021 based on the administrative records available with selected government agencies to assess the progress in certain dimensions.

Since April, 2018 this Ministry has been bringing out the employment-related statistics in the formal sector covering the period September 2017 onwards, using the information on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme and the National Pension Scheme (NPS).

Detailed information is separately published on the respective organizational websites for the period September, 2017 to February, 2021. The information is based on the number of subscribers, and the tables reflect a dynamic status for four sets of periods – (a) September 2017 – March 2018, (b) April 2018 – March 2019, (c) April 2019 – March 2020 and (d) monthly data from April 2020 onwards. The data in Section 2.1 includes information gender-wise, on the number of new members who have started subscribing to EPF, the number of members that have ceased their subscription and the number of members who restarted contribution, having ceased subscription in the past. The data in Section 2.2 includes information gender-wise, in respect of ESI, on the number of existing employees who paid contribution and the number of newly registered employees who are paying contribution during the period. The data in Section 2.3 includes information gender-wise, in respect of NPS, on the existing subscribers and new subscribers contributing during the period.

A detailed note is annexed.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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