India, April 20 -- In what is deemed as a bg improvement in India's jobs situation, it has been reported that the Employees' Provident Fund Organisation (EPFO) has logged over 19% growth in net subscribers (year-on-year) to 1.65 crore members in 2023-24. This is as per the latest payroll data. Notably, over the previous years, there have been a number of ups and downs registered by the retirement funds body. For instance, the addition of 61.12 lakh net subscribers was reported in 2018-19, which then shot up to 78.58 lakh in 2019-20, but reversed a bit to 77.08 lakh in 2020-21. The last being due to the impact of Covid-19 pandemic.

However, it improved massively to 1.22 crore in 2021-22 and further jumped to 1.38 crore in 2022-23. The net...