It has been released by National Statistics Office, Ministry of Statistics and Programme Implementation (MoSPI) for the reference period October 2023 – September 2024.
About ASUSE
- Objective: To measure various economic and operational characteristics of unincorporated non-agricultural establishments in manufacturing, trade and other services sector (excluding construction).
- Purpose: Input for policymaking, supporting national accounts statistics & requirements of key ministries, data-driven decisions etc.
Key findings
- Number of Establishments in the sector increased to 7.34 crore, representing a 12.84% growth from 2022-23.
- Percentage of female-owned proprietary establishments increased to 26.2% from 22.9% in 2022-23, indicating an increase in female entrepreneurship.
- Gross Value Added (GVA) contribution grew by 16.52% (at current price), driven by growth in other services sector.
- Sector employed more than 12 crore workers and GVA per worker, which is a measure of labour productivity, increased by 5.62% (in current prices).
- Percentage of establishments using internet have also grown to 26.7% from 21.1% in 2022-23, reflecting a strong trend toward digital adoption.
Significance of unincorporated non-agricultural sector
Contributes to employment generation & GDP; promotes entrepreneurship; backbone for incorporated sector by reinforcing its role in the domestic supply value chain etc.
About Unincorporated Sector Enterprise
|
