Annual Survey of Unincorporated Sector Enterprises (ASUSE) by MoSPI
Dec 25, 2024
Current Affair 1:
News:
The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period October, 2023 – September, 2024 referred to as ASUSE 2023-24 in this press note.
Key highlights from the ASUSE 2023-24 results:
Key highlights from the ASUSE 2023-24 results:
- The ASUSE 2023-24 results highlight significant growth in establishments, employment, and productivity in the unincorporated non-agricultural sector, demonstrating the sector's recovery from pandemic-related challenges and its resurgence with renewed momentum.
- The total number of establishments in the sector increased substantially from 6.50 crore in 2022-23 to 7.34 crore in 2023-24, representing a healthy12.84% growth.
- During the same period, the Gross Value Added (GVA) rose by16.52% driven by a 26.17% growth in other services sector.
- 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.
- Among the broad activities, "Other Services" sector showed the highest annual growth of 17.86% followed by 10.03% by manufacturing sector.
- The percentage of female-owned proprietary establishments has increased from 22.9% in 2022-23 to 26.2% in ASUSE 2023-24. This trend indicates a positive shift in the participation of women in business ownership, highlighting an increase in the female entrepreneurship over the given period.
- The average emolument per hired worker also increased by 13% in 2023-24 compared to the previous year, 2022-23, signaling improvements in wage levels.
