LIE: The EPFO and ESIC data suggest that in the last one year we have been adding almost 10 lakh jobs a month, which is around 1.2 crore jobs a year

Modi Lies / Wednesday, April 17th, 2019

The latest data put out by EPFO on their website shows that 1.8 crore people enrolled in the scheme between September 2017 and November 2018. But it also shows for each month, that 1.4 crore persons quit the scheme! It even gives the number of persons (33 lakh) who quit but rejoined. Net new subscribers to EPFO has been revised downwards from 79.16 lakh to 72.32 lakh.

Moreover, EPFO data shows the movement of people from the unroganised sector to the organised sector. It doesn’t necessarily show the creation of new jobs.

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