The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 per cent during the October 2023-September 2024 period.
These findings form part of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period -- October 2023 - September 2024, released by the Ministry of Statistics and Programme Implementation (MOSPI) on Tuesday.
The sector employed more than 12 crore workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth.
The total number of workers employed increased to 12,05,99,800 in ASUSE 2023-24 from 10,96,26,000 in ASUSE 2022-23.
Among the broad activities, the "Other Services" sector showed the highest annual growth of 17.86 per cent, followed by 10.03 per cent by the manufacturing sector.
The percentage of female-owned proprietary establishments has increased from 22.9 per cent in 2022-23 to 26.2 per cent in ASUSE 2023-24.
This trend indicates a positive shift in the participation of women in business ownership, highlighting an increase in female entrepreneurship over the given period, it stated.
This story is from the December 25, 2024 edition of The Daily Guardian.
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This story is from the December 25, 2024 edition of The Daily Guardian.
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