Significant growth in employment in unincorporated non-agricultural sector: MoSPI
The Ministry of Statistics and Programme Implementation (MoSPI) in its latest release of the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period October, 2023 - September, 2024, has showed that there was 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 healthy 12.84% growth. Among the broad sectors covered, the number of establishments in the ‘Other Services’ sector recorded a growth of 23.55% followed by a 13% increase witnessed by the manufacturing sector. This significant increase highlights consistent sectoral expansion and reinforces the sector's critical role in driving the overall growth of the unincorporated sector.
The ASUSE 2023-24 results further highlighted that 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.
