Formal workforce grows, but labour-intensive sectors lose EPFO share

EPFO-covered employment rose 8.97% to 7.95 crore between 2023-24 and 2025-26, while 12 labour-intensive industries lost 72,076 contributors. The trend could tighten talent availability across apparel, textiles, leather and food-processing supply chains.

— Source publishedWed, 23 Sept, 2026, 23:20 IST·First seen Wed, 23 Sept, 2026, 23:50 IST·Source Hindustan Times · Business

What happened

Employees' Provident Fund Organisation (EPFO) · India’s formal workforce expanded, but labour-intensive sectors including garments, textiles, leather, gems and

Key facts

  • EPFO contributors in 12 labour-intensive industries fell 1.3% to 54.64 lakh in 2025-26 from 55.36 lakh in 2023-24
  • Their EPFO share fell to 6.87% from 7.58%
  • Overall EPFO-covered workforce rose 8.97% to 7.95 crore from 7.30 crore
  • Broader labour-intensive basket share fell to 15.14% from 16.04%
  • Services added 42.32 lakh contributors, about 65% of total net EPFO growth

Why this matters

Corporate-development teams should prioritize acquisitions, partnerships or supplier investments that add automation, workforce retention capabilities and diversified sourcing in vulnerable labour-intensive categories.

What to watch

  • Monthly EPFO net additions and the labour-intensive sectors' share of contributors.
  • Factory-level attrition, absenteeism, overtime usage and vacancy-fill times.
  • Apparel, textile, leather and food-processing wage revisions in key sourcing states.
  • Supplier delivery delays, order rejections, capacity-utilisation rates and requests for price increases.
  • Government manufacturing incentives, labour-code implementation and skilling or apprenticeship policy changes.
  • Export-order trends and festive-season production demand.
  • Secure capacity and labour-retention plans with strategic apparel, textile, leather and food-processing vendors.
  • Add wage, overtime, absenteeism and lead-time escalation clauses to supplier scorecards and sourcing contracts.
  • Diversify sourcing across regions and qualify backup vendors before peak-season order placement.
  • Prioritise assortment, packaging and process redesigns that reduce labour content without compromising quality.
  • Model margin exposure by category under 5-10% supplier wage inflation and extended production lead times.