The extension of the Employee Provident Fund Organization (EPFO) deadline for applying for pension has several impacts on the Indian economy. The new deadline has been extended until July 11, 2021.

• It provides additional time for members of EPFO to apply for a higher pension amount, which could benefit a large number of retirees and their families.
• The extension of the deadline also means more funds will be invested in the EPFO, which will help stimulate the economy by creating more job opportunities.
• It also helps to create a more stable and secure retirement system for all workers in India.
• The extension of the deadline may potentially increase government spending to a certain extent, as higher pension payouts need to be financed through government contributions.
• Overall, the impact of this extension is expected to be positive and beneficial for all those who are members of EPFO.

In conclusion, the extension of the deadline for applying for pension by the EPFO will have a positive impact on the Indian economy, as it provides additional time for members to apply for a higher pension amount, which could benefit them and their families. It could also promote more funding and job opportunities in the long run.