Annual Survey of Unincorporated Sector Enterprises 2023-24 Results
ECONOMY & POLICY

Annual Survey of Unincorporated Sector Enterprises 2023-24 Results

The 2023-24 Annual Survey of Unincorporated Sector Enterprises (ASUSE) reveals strong growth across several key metrics in the unincorporated non-agricultural sector from October 2023 to September 2024. Compared to the previous year, the number of establishments rose by 12.84%, employment grew by 10.01%, and Gross Value Added (GVA) increased by 16.52% at current prices. The sector also saw a notable improvement in capital investment, increased access to loans, and a significant shift toward digital adoption. Key findings: • Establishments: The total number of establishments in the unincorporated sector increased from 65 million in 2022-23 to 73.4 million in 2023-24, a growth of 12.84%. The ‘Other Services’ sector experienced the highest growth at 23.55%, followed by a 13% increase in manufacturing establishments. • GVA growth: The sector’s GVA rose by 16.52%, driven mainly by a 26.17% growth in the other services sector. Maharashtra, Uttar Pradesh, and Gujarat were the leading states in terms of GVA. • Employment: More than 120 million workers were employed in the sector, an increase of over 10 million workers from 2022-23. The workforce in Uttar Pradesh, Maharashtra, and West Bengal accounted for over one-third of the total workforce. The proportion of female workers increased from 25.63% in 2022-23 to 28.12% in 2023-24, with 58% of establishments in the manufacturing sector led by female proprietors. • Digital adoption: The use of the internet for entrepreneurial purposes grew significantly, especially in rural areas (from 13.5% to 17.9%) and urban areas (from 30.2% to 37%). Overall, internet use increased from 21.1% to 26.7%. • Capital investment: The average fixed assets per establishment rose from Rs 318,144 in 2022-23 to Rs 324,075 in 2023-24. Outstanding loans also increased from Rs 50,138 to Rs 53,710, indicating improved access to financial resources. Additional insights: • Registered establishments: The percentage of registered establishments slightly increased from 36.8% in 2022-23 to 37.2% in 2023-24, indicating a trend toward formalisation. • Industry trends: Other retail trade, manufacturing of wearing apparel, and community services reported the highest number of establishments and workers. Survey coverage and methodology: The survey covers rural and urban India (excluding some remote areas) and includes unincorporated non-agricultural establishments in manufacturing, trade, and services. It employed a multi-stage stratified sampling scheme to collect data from over 498,000 establishments across both rural and urban areas, with data gathered primarily through Computer Assisted Personal Interviewing (CAPI) using tablets. The full survey report and interactive data visualisations are available on the Ministry of Statistics and Programme Implementation website.

(PIB )

The 2023-24 Annual Survey of Unincorporated Sector Enterprises (ASUSE) reveals strong growth across several key metrics in the unincorporated non-agricultural sector from October 2023 to September 2024. Compared to the previous year, the number of establishments rose by 12.84%, employment grew by 10.01%, and Gross Value Added (GVA) increased by 16.52% at current prices. The sector also saw a notable improvement in capital investment, increased access to loans, and a significant shift toward digital adoption. Key findings: • Establishments: The total number of establishments in the unincorporated sector increased from 65 million in 2022-23 to 73.4 million in 2023-24, a growth of 12.84%. The ‘Other Services’ sector experienced the highest growth at 23.55%, followed by a 13% increase in manufacturing establishments. • GVA growth: The sector’s GVA rose by 16.52%, driven mainly by a 26.17% growth in the other services sector. Maharashtra, Uttar Pradesh, and Gujarat were the leading states in terms of GVA. • Employment: More than 120 million workers were employed in the sector, an increase of over 10 million workers from 2022-23. The workforce in Uttar Pradesh, Maharashtra, and West Bengal accounted for over one-third of the total workforce. The proportion of female workers increased from 25.63% in 2022-23 to 28.12% in 2023-24, with 58% of establishments in the manufacturing sector led by female proprietors. • Digital adoption: The use of the internet for entrepreneurial purposes grew significantly, especially in rural areas (from 13.5% to 17.9%) and urban areas (from 30.2% to 37%). Overall, internet use increased from 21.1% to 26.7%. • Capital investment: The average fixed assets per establishment rose from Rs 318,144 in 2022-23 to Rs 324,075 in 2023-24. Outstanding loans also increased from Rs 50,138 to Rs 53,710, indicating improved access to financial resources. Additional insights: • Registered establishments: The percentage of registered establishments slightly increased from 36.8% in 2022-23 to 37.2% in 2023-24, indicating a trend toward formalisation. • Industry trends: Other retail trade, manufacturing of wearing apparel, and community services reported the highest number of establishments and workers. Survey coverage and methodology: The survey covers rural and urban India (excluding some remote areas) and includes unincorporated non-agricultural establishments in manufacturing, trade, and services. It employed a multi-stage stratified sampling scheme to collect data from over 498,000 establishments across both rural and urban areas, with data gathered primarily through Computer Assisted Personal Interviewing (CAPI) using tablets. The full survey report and interactive data visualisations are available on the Ministry of Statistics and Programme Implementation website. (PIB )

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?