ENA Economy 2025-01-30 14:08:40 <p><span style="font-size:14px"><strong>New Delhi, Jan 30 (KNN)</strong> India's unincorporated enterprises sector demonstrated significant growth in 2023-24, with employment rising 10 per cent to reach 120.6 million workers, according to a comprehensive government survey released Wednesday.</span></p> <p><span style="font-size:14px">The Annual Survey of Unincorporated Sector Enterprises (ASUSE), conducted by the Ministry of Statistics and Programme Implementation, revealed substantial expansion across multiple metrics in the non-agricultural business segment.</span></p> <p><span style="font-size:14px">The survey documented a 12.7 per cent increase in total establishments, reaching 73.4 million in 2023-24 compared to 65.1 million in the previous year. Rural areas maintained a commanding lead with 39.7 million establishments, while urban areas recorded 33.7 million.</span></p> <p><span style="font-size:14px">Commenting upon the survey results, Anil Bhardwaj, Secretary General of Federation of Indian Micro and Small &amp; Medium Enterprises (FISME) said, While it is gratifying that unincorporated sector has contributed almost 10% to employment but it is a worrying sign for the economy that corporate sector is not contributing to job creation in formal economy.</span></p> <p><span style="font-size:14px">Among states, Uttar Pradesh emerged as the leader, commanding 13.3 per cent of total employment, followed by Maharashtra at 10.1 per cent and West Bengal at 10 per cent.</span></p> <p><span style="font-size:14px">A notable development emerged in female entrepreneurship, with women-headed proprietary establishments increasing their share to 26.2 per cent from 22.9 per cent in the previous year.</span></p> <p><span style="font-size:14px">West Bengal led this transformation with 36.4 per cent of female-owned establishments, followed by Karnataka at 35.2 per cent and Telangana at 34.1 per cent.</span></p> <p><span style="font-size:14px">The economic impact of the sector showed marked improvement, with gross value added (GVA) rising 16.5 per cent to Rs 18 lakh crore in 2023-24 from Rs 15.4 lakh crore in the previous year.</span></p> <p><span style="font-size:14px">Maharashtra, Uttar Pradesh, and Gujarat collectively contributed approximately one-third of the total GVA, underscoring their significant role in the sector's economic contribution.</span></p> <p><span style="font-size:14px">The retail trade sector dominated the establishment count, followed by apparel manufacturing, reflecting the diverse nature of India's unincorporated business landscape.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40845 https://knnindia.co.in/news/newsdetails/economy/unincorporated-sector-employment-surges-10-pc-to-1206-million-in-2023-24-govt 2025-01-30 14:08:40 knnindia.co.in