Employment up 10%, unincorporated establishments rise 12.28%: Govt survey

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Employment up 10%, unincorporated establishments rise 12.28%: Govt survey - Business Standard

Quick Summary:

These findings form part of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period -- October 2023 - September 2024 -- referred to as ASUSE 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.

The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 per cent during the October 2023 - September 2024 period.

Unincorporated sector enterprises witnessed a 10.01 per cent increase in employment to over 12 crore during the year ended September 2024, while the number of establishments rose 12.28 per cent to 7.34 crore, according to a government survey.