Informal sector hit by Covid 2nd wave recovered: Survey

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India Business News: New Delhi: The second wave of the pandemic severely hit the informal sector, reducing the number of units and workers, but the segment recovered gradu.

The gross value added (GVA), a key indicator of economic performance, saw annual growth of 9.8%, largely led by manufacturing and other service sectors.

Total number of establishments in the sector increased from 5.8 crore in 2021-22 to 6.5 crore in 2022-23, a growth of nearly 5.9%.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaKuwait

Topics: Recovered ASUSE Survey Covid hit Informal sector Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-15 @ 07:40:49 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 686 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21256958

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Official Website: timesofindia.indiatimes.com

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