In financial year 2023, more than 11 million people have been added to the Employee's Pension Scheme in India. This was an improvement from the last fiscal year. However, no steep increase was witnessed in the last few fiscal years. The onset of the coronavirus (COVID-19) pandemic led to losses in jobs, and an unprecedented opt-out from auto-enrolled pensions. This resulted in the government not being able to determine exact figures of which employees have stopped saving or are not contributing since the lockdown period in late March 2020.
Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023
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MOSPI. (June 25, 2024). Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023 [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/
MOSPI. "Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023." Chart. June 25, 2024. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/
MOSPI. (2024). Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/
MOSPI. "Number of Beneficiaries Added under Employee's Pension Scheme (Eps) in India from Financial Year 2016 to 2023." Statista, Statista Inc., 25 Jun 2024, https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/
MOSPI, Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023 Statista, https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/ (last visited December 31, 2024)
Number of beneficiaries added under Employee's Pension Scheme (EPS) in India from financial year 2016 to 2023 [Graph], MOSPI, June 25, 2024. [Online]. Available: https://www.statista.com/statistics/1131999/india-number-of-beneficiaries-under-eps/
