The EPFO's extension of the deadline to apply for a higher pension until July 11 could have several impacts on India's economy.

• Firstly, it could increase consumer spending as retirees who receive a higher pension may have more disposable income. This could boost demand for goods and services, which could in turn help stimulate economic growth.
• Secondly, it could put a strain on the EPFO's finances as it would have to pay out a higher pension to a greater number of retirees. This could potentially lead to a shortfall in funds, which could have a negative impact on the financial health of the EPFO.
• Thirdly, the extension could be seen as a positive move by the government, as it provides retirees with greater financial security and stability. This could help promote trust in the government and its social welfare programs, which could have a positive impact on social and political stability in the country.

Overall, the impact of the EPFO's extension of the deadline to apply for a higher pension is likely to be mixed, with both positive and negative effects on the Indian economy.