Informal sector GVA up 16.5%, workers by 10%
Hindustan Times Navi Mumbai|December 25, 2024
The Indian economy had 73.4 million non-farm informal sector enterprises in 2023-24, according to data published by the National Statistics Office (NSO) on Tuesday.
Abhishek Jha

NEW DELHI: These enterprises employed 120.6 million workers, which is an increase of 10% from the same period a year ago, and produced a gross value added (GVA) of ₹18 lakh crore in nominal terms. On a per worker basis, the value added in these informal sector enterprises comes to ₹1,49,742 per year. In nominal terms, this value has increased by ₹7,973 between 2022-23 and 2023-24.

The NSO released these numbers in the factsheet for 2023-24 Annual Survey of Unincorporated Sector Enterprises (ASUSE), which was conducted between October 2023 and September 2024. This is the third round of the ASUSE survey. The last two rounds were conducted between April 2021 to March 2022 and October 2022-September 2023.

When read with the overall output and employment data for the economy, the latest ASUSE results mean that 36.8% of India's non-agriculture workers are employed in these informal sector enterprises and they produce 7.8% of the non-agricultural GVA in the country. When added with employment output share of agriculture, this means that 66% of India's estimated 608 million workers produce about 24% of its total GVA.

Bu hikaye Hindustan Times Navi Mumbai dergisinin December 25, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Navi Mumbai dergisinin December 25, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES NAVI MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Navi Mumbai

Rudrankksh gears up with fresh goals, new equipment

After missing out on the Olympics, the youngster has shed over 10kgs and added the 50m 3P event to his schedule

time-read
3 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

Harmanpreet best drag-flicker in the world: Peillat

Gonzalo Peillat's heart was beating faster during the HIL auction than it does when taking a drag-flick.

time-read
2 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

The relentless march of the Slot machine

After losing the 2011 Champions League final 1-3 to Barcelona, Alex Ferguson had said: \"Nobody's given us a hiding like that.\" Ange Postecoglu didn't walk the route of the former Manchester United manager following Sunday's goalfest, choosing instead to highlight Tottenham Hotspur's injury problems, but there could be no doubt that Liverpool absolutely cleaned out their opponents at White Hart Lane.

time-read
3 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

South Africa Aim To Seal Place In WTC Final In Test Series Vs Pakistan

South Africa will be eyeing a place in the World Test Championship final with an all-seam attack against Pakistan in the first Test, starting Thursday.

time-read
1 min  |
December 26, 2024
Hindustan Times Navi Mumbai

Delhi girl Pratika makes an impactful first impression as India all-rounder

Spin-bowling all-rounder Pratika Rawal has stepped into the spotlight while vying for an opening spot previously held by the explosive Shafali Verma.

time-read
3 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

AI-driven attacks push cos to boost cybersecurity

With generative artificial intelligence, or GenAI transforming business operations, it is also contributing to escalating cyber threats.

time-read
2 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

Ola Opens 3,200 New Stores in Bid to Win Buyer Trust

Ola Electric Mobility Ltd. announced opening of 3,200 new stores in a single day, as India's biggest e-scooter maker seeks to expand its local footprint and address customer frustration related to shortcomings in service.

time-read
1 min  |
December 26, 2024
Hindustan Times Navi Mumbai

GST on Used Vehicles to Vary by Selling Enterprise's Nature of Biz

The Goods and Services Tax (GST) on used vehicles will depend on the selling enterprise's nature of business, officials and experts clarified.

time-read
2 dak  |
December 26, 2024
Hindustan Times Navi Mumbai

EPFO Adds 7.5 Lakh New Members in Oct

The Employees' Provident Fund Organisation (EPFO) reported a net addition of 1.34 million members in October.

time-read
1 min  |
December 26, 2024
Hindustan Times Navi Mumbai

Weaver Taps Premji, Paragon for ₹1k cr

Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the matter said.

time-read
2 dak  |
December 26, 2024