Unincorporated sector enterprises witnessed a 10.01 percent increase in employment to over 12 crore during the year ending September 2024, while the number of establishments rose 12.28 percent to 7.34 crore, according to a government survey.
The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 percent during the October 2023 - September 2024 period.
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 sector employed more than 12 crore workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth.
The total number of workers employed increased to 12,05,99,800 in ASUSE 2023-24 from 10,96,26,000 in ASUSE 2022-23.
Among the broad activities, the "Other Services" sector showed the highest annual growth of 17.86 percent, followed by 10.03 percent by the manufacturing sector.
The percentage of female-owned proprietary establishments has increased from 22.9 percent in 2022-23 to 26.2 percent in ASUSE 2023-24.
This trend indicates a positive shift in the participation of women in business ownership, highlighting an increase in female entrepreneurship over the given period, it stated.
In ASUSE 2023-24, data were collected from a total of 498,024 establishments (273,085 in rural and 224,939 in urban) from 16,842 surveyed FSUs (8,523 in rural and 8,319 in urban).
ASUSE 2023-24 has been conducted based on area frame, and establishments have been listed in the selected FSUs of both rural and urban sectors.
Mostly, data were collected from the selected establishments through oral inquiry pertaining to the ‘monthly’ reference period, barring a few big establishments, which had provided annual data from their audited books of accounts.
The data for the survey were collected in Tablet using Computer Assisted Personal Interviewing (CAPI). The percentage of establishments using the internet has also grown significantly from 21.1 percent in 2022-23 to 26.7 percent in ASUSE 2023-24.
The average emolument per hired worker also increased by 13 percent in 2023-24 compared to the previous year, 2022-23, signalling improvements in wage levels.
The highest increase in this metric was observed in the manufacturing sector with a growth of a little more than 16 percent.
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 healthy 12.84 percent growth.
Among the broad sectors covered, the number of establishments in the "Other Services" sector recorded a growth of 23.55 percent, followed by a 13 percent increase witnessed by the manufacturing sector.
This significant increase highlights consistent sectoral expansion and reinforces the sector's critical role in driving the overall growth of the unincorporated sector, the report stated.
During the same period, the Gross Value Added (GVA), a key indicator of economic performance, rose 16.52 percent, driven by a 26.17 percent growth in the other services sector.
Gross Value Added (GVA) per worker, a measure of labour productivity of the sector, increased to Rs 1,49,742 in 2023-24 from Rs 1,41,769 in 2022-23 in current prices, showing a 5.62 percent increase.
During the same period, the Gross Value of Output (GVO) per establishment also increased from Rs 4,63,389 to Rs 4,91,862 in current prices.
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