A rise in the number of establishments in the vast unincorporated sector during October 2023-September 2024 was led by an increase in the share of own account enterprises (OAEs), the latest fact sheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24' released by the National Statistical Office (NSO) on Tuesday showed.
Data showed that the share of OAEs grew to 86.4 per cent during the October 2023-September 2024 period from 85.1 per cent in October 2022-September 2023. This comes as the total number of establishments in the unincorporated sector grew by 12.8 per cent to 73.4 million during the same time period.
The share of OAEs stood at 84.2 per cent in the 73rd round of the National Sample Survey (NSS), conducted between July 2015 and June 2016.
This story is from the December 26, 2024 edition of Business Standard.
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This story is from the December 26, 2024 edition of Business Standard.
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