Annual Survey of Unincorporated Sector Enterprises:
The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24.
- The ASUSE 2023-24 results highlight significant growth in establishments, employment, and productivity in the unincorporated non-agricultural sector.
- The total number of establishments in the sector increased substantially from 6.50 crore in 2022-23 to 7.34 crore in 2023-24, representing a healthy12.84% growth.
- Among the broad sectors covered, the number of establishments in the “Other Services” sector recorded a growth of 23.55% followed by a 13% increase witnessed by the manufacturing sector.
- During the same period, the Gross Value Added (GVA) which is a key indicator of economic performance rose by16.52% driven by a 26.17% growth in other services sector.
- The percentage of female-owned proprietary establishments has increased from 22.9% in 2022-23 to 26.2%
- The average emolument per hired worker also increased by 13% in 2023-24 compared to the previous year, 2022-23, signaling improvements in wage levels.
- Percentage of establishments using internet has also grown significantly from 21.1% in 2022-23 to 26.7% in ASUSE 2023-24.
