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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

India created 146 lakh payroll in FY22; formalisation rate at 8%: Report

India SBI NPS State Bank of India Pandemic Covid-19 EPFO New Delhi

NEW DELHI: Bucking the slump created by Covid-19 pandemic since the past 2 years, India created 146 lakh payroll in financial year 2021-22, a report by State Bank of India (SBI) economists showed on Friday.

Of this total, about 138.2 lakh payroll was created through Employees' Provident Fund Organisation (EPFO), while 7.8 lakh of them were created through National Pension Scheme (NPS).

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