The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA).
It has been releasing the payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from September 2017.
The report showed that gross new enrolments with ESIC during the September 2017-March 2018 period were 8.3 million.
A net of 7.39 lakh new enrolments with the Employees' Provident Fund Organisation (EPFO) were recorded in October, compared with 9.48 lakh in September this year.
In 2018-19, 6.1 million new subscribers on a net basis joined the social security schemes run by EPFO. Similarly, the net new enrolments were 1.5 million during September 2017-March 2018.
The latest data showed that during September 2017-October 2019, around 2.93 crore new subscribers joined the Employees' Provident Fund scheme.
The report said that since the number of subscribers are from various sources, there are elements of overlap and the estimates are not additive.
The NSO said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.
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