BEAMSTART Logo

HomeNews

Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests

Times of India LogoTimes of India10h ago

Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests - Times of India

Quick Summary:

India's formal job sector is booming, with projections indicating a record-breaking 14.5 million net additions in fiscal year 2024-25, surpassing previous highs.

While new EPFO registrations have dipped, possibly due to lack of incentives, increased formalization driven by wage digitization is fueling job growth.

Government initiatives like employment-linked incentives are expected to further boost establishment registrations.

More Pictures

Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests - Times of India (Picture 1)

or

Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 17:29:00 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 813 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28187334

View Article Analysis

About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 38 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests" has 813 words across 27 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests" was covered 10 hours ago by Times of India, a news publisher based in India.

How trustworthy is 'Times of India' news outlet?

Times of India is a fully independent (privately-owned) news outlet established in 1838 that covers mostly economy and business news.

The outlet is headquartered in India and publishes an average of 38 news stories per day.

It's most recent story was published 2 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28187334
  • URL: https://beamstart.com/news/formal-job-creation-may-hit-17454870848795

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.