This shows while the corporate sector is witnessing a stagnation in employment creation and wages, jobs have started rising again among smaller units, which were hit hard by the pandemic.
According to the fact-sheet of Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24, the number of workers in the unincorporated sector (both formal and informal sectors) stood at 120.6 million till September-end, which is 10% higher than last year. The wage growth too recorded a 13% increase, in nominal terms, year-on-year in the unincorporated sector, which is significantly higher than (-1.1)% growth recorded during 2022-23. The real increase in wages was, of course, lower - retail inflation during the period averaged 4.9%. Also, the favourable base effect created by the pandemic is still playing out.
Denne historien er fra December 25, 2024-utgaven av Financial Express Mumbai.
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 25, 2024-utgaven av Financial Express Mumbai.
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
At the G, India up against Head-strong Australia
In-form batter declared fit for Boxing Day Test
Quick, quicker, quickest...
The q-comm opportunity is pegged at $40 bn by 2030, up from $6 bn in 2024
Prosperity through cooperation
The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
Office Leasing in Top Six Cities Hits Record: Report
WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.
Yoon Defies Second Agency Summons Over Martial Law
SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.
Russia Launches 'Inhuman' Christmas Day Attacks
RUSSIA ATTACKED UKRAINE'S energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an \"inhuman\" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.
China Avoids Rate Cut to Brace for Future Pressure
CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.
Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead
AN EMBRAER PASSENGER jet flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying 32 survivors had been rescued.
Honda-Nissan deal may hold key to fight against BYD
HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.
Moving towards an IP-centric economy
A product mindset will help drive business growth
