JOBS AND ENTERPRISES ROSE IN INFORMAL SECTOR IN SURVEY YEAR 2023-24
PROPRIETARY AND PARTNERSHIP ESTABLISHMENTS REMAINED STAGNANT
2024-12-28 12:04
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India’s jobs market deterioration and failure of the government in decent job creation have sharply pushed up the number of jobs and enterprises in the informal sector, the technical term for which is 'Unincorporated Sector.' The Annual Survey of 'Unincorporated Sector Enterprises (ASUSE) 2023-24' found an estimated 7.34 crore establishments with a growth rate of 12.84 percent having 12.06 crore workers with a rise of 10.01 percent.GVA was Rs 17,97,278 crore with a growth rate of 16.52 percent. It can be called a robust growth compared to the COVID-19 disruption years, but is an indication of failure in reaching decent job creation targets.