The informal sector in India dominates agriculture and allied services, the non-agricultural sector, and micro, small, and medium enterprises, except in finance, public administration, and defence, and the transport sector, excluding road transport.
Currently, data on the sector is available from both the National Account Statistics (NAS) and the National Sample Survey Organisation (NSSO) for 2015-16 and 2022-23. The intervening period had demonetisation, introduction of a nationwide goods and services tax, and the Covid-19 pandemic, which make the two points perfectly comparable.
The all-India survey of unincorporated enterprises excluding agriculture for 2015-16 estimated the total number of enterprises at 63.4 million in manufacturing, trade, and other services, employing a total of 111.3 million people. The fixed assets per establishment were estimated at ₹2.3 lakh and value added per enterprise at ₹1.8 lakh.
In the survey for 2022-23, the number of establishments increased to 65 million (at an average annual rate of 0.4%) but employment declined to 109.6 million (at an average rate of 0.2%). Manufacturing enterprises faced the brunt of this decline. The value added per enterprise, value added per person employed, and fixed assets per enterprise show a moderate annual increase of 3.9%, 5.2%, and 4.6% respectively, lower than the rate of inflation during this period.
Increase in the number of enterprises could be due to a lack of alternative job opportunities and a fallback position.
Esta historia es de la edición December 30, 2024 de Financial Express Ahmedabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 30, 2024 de Financial Express Ahmedabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Big rockets, a telescope & big changes in space await in 2025
Some key events to look forward to in space & astronomy
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Dr Manmohan Singh, RIP
emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
