ecommerce
India Sees Stronger Growth in High-Quality Formal Sector Jobs
New enrolments to the Employees' Provident Fund scheme, which applies to larger organisations and better-paid employees, increased by 2.3 per cent-6.1 million in the first half of 2024-25 (April - September) compared to the same period of the previous year.
EPFO Reports 7.6% Growth in Membership, Reaching 7.37 Crore
This reflects the increase in employment and business establishments in the organized sector of the Indian economy, offering a better standard of living to the workers.
Employment in India Rises by 36% with 17 Million Jobs Added Between 2016-17 and 2022-23: Centre
During the period, the GDP had grown at an average of over 6.5 per cent.
India's E-Commerce Payments Expected to Exceed $292 Billion by 2028, Report Reveals
The outlook for e-commerce payments in India, on the other hand, is pretty good due to a range of government initiatives like 'Make in India' and 'Startup India'. Added to this is the surge in the number of online shoppers.
EPFO Adds 19.29 Lakh Members in June Amid Employment Growth
Data shows that new enrollments for the month of June 2024 have taken place and stand at about 10.25 lakh. As compared to the previous month, May 2024, it added 4.08 percent of new members, while as compared to the same month last year in June 2023, it went up by 1.05 percent.
EPFO Achieves Record Membership Growth of 19.5 Lakh in May Amid Rising Employment
The reasons for this increased membership have been more job opportunities, better awareness accruable benefits to employees and more importantly efficient enrolment drives by EPFO. Net new additions in May 2024 were 9.85 lakh, a growth of 10.96 per cent over April 2024 and an increase of 11.5 per cent from May 2023.
MSME Employment Surges: Exceeds 20.2 Crore, Up by 66% from Previous Year
As of now, 46.8 million MSMEs are registered under Udyam. Out of these, 46 million are micro-enterprises, which are really contributing to the bulk of employment. A micro-enterprise shall be an enterprise in which the investment in plant and machinery or equipment does not exceed one crore rupees, and the turnover does at all not exceed five crore rupees.
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