New Delhi, May 22 -- The Employees' Provident Fund Organisation, the state-backed retirement funds manager, enrolled 1.46 million net members in March 2025, an increase of 1.15% from a year ago, reflecting an increasing pace of formalisation and positive labour movement, data released on Tuesday showed. To be sure, EPFO subscription data are not considered to be a reliable measure of absolute job creation but they do indicate greater formalisation in the economy and better-quality jobs with social security. According to data released by the labour ministry, 445,000 new subscribers were added in the 18-25 age group, which made up 59% of total new subscribers in March 2025. Under the PF Act, all firms with 20 or more employees must register w...