National Statistical Office(NSO) Released the Employment Outlook of India

The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation, released a press note on Employment Outlook of the country.

The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation, released a press note on Employment Outlook of the country covering the period September, 2017 to June, 2022. This data is based on the administrative records available with selected government agencies to assess the progress in certain dimensions, the release stated.

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What Is In The Report:

Since April, 2018 this ministry has been bringing out the employment related statistics in the formal sector covering the period September 2017 onwards, using 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).

The numbers of subscribers are from various sources and there are elements of overlap. Therefore, the estimates from various sources are not additive. Detailed information is separately published on the respective organisational websites for the period September, 2017 to June, 2022.

What The Report Stated:

The information is based on the number of subscribers, and the tables reflect a dynamic status for six sets of periods – (a) September 2017 – March 2018, (b) April 2018 – March 2019, (c) April 2019 – March 2020, (d) April 2020 – March 2021, (e) April 2021 – March 2022, and (f) monthly data from April 2022 onwards.

The data 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 also includes information gender-wise, in respect of NPS, on the existing subscribers and new subscribers contributing during the period. A total of 36,53,544 new subscribers joined and contributed in the NPS the central government, state governments, and corporate schemes during September, 2017 to June, 2022.

Formal Sector Employment Growth:

India’s formal sector employment jumped by 0.4 million in the October-December quarter of 2021 with the total number of workers employed across nine sectors at 31.4 million compared to 31 million in July-September quarter and 30.8 million in the April-June quarter of 2021, the labour ministry said.