The official narrative on the findings of National Statistical Office's latest Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24 is that it indicates robust recovery from the disruption caused by Covid-19. Key metrics such as the number of establishments, workers, wages, and productivity show significant year-on-year growth although this partly reflects the fact that the favourable base effect created by the pandemic is still playing out.
Even so, this has implications for the India growth story as it depends on the health of the vast number of unincorporated non-agricultural enterprises—which are not legally registered as companies—that belong to the informal sector. These enterprises are not just stand-alone entities but also support the incorporated or formal sector by acting as suppliers and services providers, thereby forming an integral part of the domestic value chain. These small businesses contribute 28 to 30% of the nation's output of goods and services or GDP and 40% of employment.
Denne historien er fra December 27, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 27, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Hallucinatory AI May Not Necessarily Be a Bad Thing
The smart machines, it turns out, are dreaming up riots of unrealities that help scientists track cancer, design drugs, and even win the Nobel Prize
Putin Apologizes for 'Tragic' Azerbaijani Airplane Crash
But stops short of admitting airliner was shot down
Genome reveals how a small group burst out of Africa
DNA from European fossils dating back 45,000 years offers new clues to how our species spread across the world
Across the Aisle
Commentators described the BJP-led government as a 'minority' government that will force Mr Modi to be more circumspect and restrained. I did not share that view. They thought that Mr Modi will be more deferent to Parliament, but that too was belied by the Winter session. Apparently, on Mr Modi's instructions, the ministers and MPs carried on in the usual aggressive way, showed scant respect to Parliamentary rules and conventions, and rode roughshod over the Opposition
Defiant push to change Constitution
PM Narendra Modi enjoyed the same support of the people as in 2014 and 2019 Lok Sabha elections
What does the future hold for out-of-form India captain Rohit Sharma?
STEVE SMITH WAS said to be a shadow of his best self before he scored a long overdue hundred against India in the Brisbane Test.
Individualised AI Tools
According to the Info-Tech Research Group report, more and more organisations will also be pursuing building their own AI tools.
Biotech Advancements
Recent breakthroughs in the field of biotechnology are expected to provide solutions for dominant problems in 2025.
Adani Green Forms New Subsidiary for Renewables
ADANI GREEN ENERGY on Saturday incorporated a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited.
Scindia Meets FM to Discuss India Post's Profitability Path
Communications Minister Jyotiraditya Scindia has met finance minister Nirmala Sitharaman to discuss India Post's path to profitability, an official release said on Saturday.
