Informal sector enterprises have been a defining feature of the Indian economy. While activities like agriculture, fisheries, livestock in the primary sector remain predominantly household-based informal enterprises, a large segment of non-agricultural activities are also in the informal or unorganised sector. It is unfortunate that the official coverage of these enterprises is somewhat patchy and reflects problems of temporal and cross-sectional comparability. Understanding of the size and contribution of these activities is mainly based on nationwide sample surveys of the National Sample Survey Office (NSSO).
In the regular scheme of surveys, these are carried out once every five years. The last two years for which we have survey results are 2010-11 and 201516.The NSSO initiated a programme of annual surveys on unorganised enterprises, called the annual survey of unincorporated sector enterprises (ASUSE), in 2021-22, although there was possibly an earlier attempt in 2019-20 that did not produce any results. The first set of results from this initiative is available for 2021-22 and 2022-23 - first as a fact sheet and then as a full report.
The present report on the unorganised sector covering the years 2021-22 and 2022-23 is an important source of data in the backdrop of the Covid pandemic and its devastating impact on the informal economic activities and their subsequent recovery. Another significant event likely to have impacted this sector is the demonetisation of 86 per cent of the currency in circulation in November 2016.
Implementation of nationwide Goods and Services Tax (GST) from July 2017 has also been mentioned as another factor affecting entrepreneurial activity, although one is not sure on its negative impact on the unorganised sector. It would be useful to keep these as a backdrop while taking a macro overview of the statistics focusing on the unorganised sector.
هذه القصة مأخوذة من طبعة July 15, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 15, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Attractive scheme for girl child, provided you don't mind lock-in
The outstanding balance in the Sukanya Samriddhi Yojana (SSY) grew from ₹77,472 crore in February 2023 to 1 trillion in February 2024, according to data from the Reserve Bank of India. SSY registered a 41 per cent growth, the highest among all small savings instruments.
![Aviation, tyre stocks soar as oil price slips](https://reseuro.magzter.com/100x125/articles/18959/1828883/vgbZL5oDXllTu6FfpbFsys/AVIATION-TYRE-STOCKS-SOAR-AS-OIL-PRICE-SLIPS.jpg)
Aviation, tyre stocks soar as oil price slips
Brent crude trading below $70 per barrel, lowest since December 2021
New client additions to turbocharge Dixon growth
THE COMPASS The news of Dixon Technologies (India)'s tie-up with HP in addition to its existing Lenovo and Acer partnerships has led to a 5 per cent stock uptick since the start of the week.
Hindenburg slams Buch for silence on Cong claims
Hindenburg Research, the United States-based short seller, on Wednesday criticised Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch for her prolonged silence on the recent allegations raised by the Congress accusing both Buch and her husband of receiving additional funds from private entities.
TaMo shares nosedive after UBS' 'sell' rating
Shares of auto giant Tata Motors slumped 6 per cent to ₹976 on the BSE on Wednesday after international brokerage UBS maintained its 'sell' rating on the stock with a sum of the parts (SOTP)-based price target of ₹825 per share.
Bajaj Housing Finance's red-hot IPO whips up investor frenzy
Public offer gets subscribed over 67x, cumulative bids exceed ₹3.24 trillion
![Surplus funds: Brokers may get more flexibility](https://reseuro.magzter.com/100x125/articles/18959/1828883/fvHxajKm5unP7m39ez5sys/SURPLUS-FUNDS-BROKERS-MAY-GET-MORE-FLEXIBILITY.jpg)
Surplus funds: Brokers may get more flexibility
The government has proposed an amendment to the Securities Contracts Regulation Act (SCRA) to give brokers more flexibility in using their surplus cash.
![Docs demand live telecast, CM presence; govt rejects](https://reseuro.magzter.com/100x125/articles/18959/1828883/KnG1D4YCzMzkG8bjLGxsys/DOCS-DEMAND-LIVE-TELECAST-CM-PRESENCE-GOVT-REJECTS.jpg)
Docs demand live telecast, CM presence; govt rejects
The West Bengal government on Wednesday rejected junior doctors' demands for Chief Minister Mamata Banerjee's presence and a live broadcast as pre-conditions for talks to resolve the month-long 'cease work' and standoff over the alleged rape-murder of a woman medic at RG Kar Medical College and Hospital.
![India Post stamps out range anxiety, enters EV charging](https://reseuro.magzter.com/100x125/articles/18959/1828883/NR0nyDhfG6MTwTfUdSZsys/INDIA-POST-STAMPS-OUT-RANGE-ANXIETY-ENTERS-EV-CHARGING.jpg)
India Post stamps out range anxiety, enters EV charging
MAIL MEETS MILEAGE: Ties up with ThunderPlus to deliver the service to Sainikpuri PO in Hyderabad and beyond
![MGNREGA DEMAND AND RURAL DISTRESS](https://reseuro.magzter.com/100x125/articles/18959/1828883/VOVmoW7tAvYPHhS4W3dsys/MGNREGA-DEMAND-AND-RURAL-DISTRESS.jpg)
MGNREGA DEMAND AND RURAL DISTRESS
Civil society activists and people working on the ground believe that the August decline in demand for work under the programme is artificially created due to fund shortage