<span style="color: #222222;">Labour and Employment Ministry said that country's economy is on the way to pre-Covid levels according to indicators. The Ministry also said that the Indian economy is on the path of achieving the Prime Minister's vision of a USD 5 trillion dollar economy by 2024-25.<br />''<br />''Budget 2022-23 has further provided a strong impetus for growth, with capital expenditure being stepped up to seven lakh fifty thousand crore rupees from five lakh 54 thousand crore rupees in the current Financial Year, it said. This is increase of 35.40 percent. The ministry said, this outlay, which is nearly 3 percent of GDP, shall not only boost economic activity but also improve the employment situation in the country.<br />''<br />''The Ministry said that an analysis of the Employees Provident Fund Organization data suggests significant acceleration in formalization of the job market during 2021. In November last year, the monthly net additional EPF subscription peaked with 13 lakh 95 thousand new subscribers, the highest in any month since 2017. This translates into growth of over one hundred nine percent in EPF subscription from November, 2020. The Economic Survey further stated that the monthly net addition in Employees Provident Fund subscriptions during 2021 has not only been higher than the corresponding monthly values in 2020 but they have also surpassed the levels of the corresponding months during pre-pandemic year 2019.</span><br />