Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24
The Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 reveals growth in India’s unincorporated non-agricultural sector. Released by the Ministry of Statistics and Programme Implementation (MoSPI) on 24 December 2024, the survey emphasises the sector’s crucial role in employment and GDP contribution.
Overview of ASUSE
- ASUSE covers unincorporated non-agricultural establishments across India, including rural and urban areas.
- The survey includes various sectors such as manufacturing, trade, and services.
- It employs a multi-stage stratified sampling method to collect data from thousands of establishments.
Key Findings
- The total number of establishments rose from 6.50 crore in 2022-23 to 7.34 crore in 2023-24, marking a 12.84% increase.
- The “Other Services” sector saw the highest growth at 23.55%, followed by manufacturing at 13%.
Employment Statistics
The unincorporated non-agricultural sector employed over 12 crore workers during the survey period, an increase of more than one crore from the previous year. Uttar Pradesh, Maharashtra, and West Bengal accounted for over one-third of this workforce.
Female Participation
The proportion of female workers increased from 25.63% to 28.12%. Notably, 58% of manufacturing establishments were led by female proprietors, indicating a positive trend towards gender inclusivity.
Sector Contributions
Retail trade and apparel manufacturing were the most prominent activities, comprising 27% and 12% of establishments, respectively. Other community and personal services also showed engagement.
Gross Value Added (GVA)
GVA in the sector grew by 16.52%, driven largely by the services sector’s 26.17% growth. Maharashtra, Uttar Pradesh, and Gujarat were the top contributors to GVA.
Digital Adoption
Internet usage for business purposes rose from 21.10% to 26.70%. This reflects a strong trend towards digitalisation within the sector, particularly among trading establishments.
Financial Indicators
Average fixed assets per establishment increased from Rs. 3,18,144 to Rs. 3,24,075. Outstanding loans also rose, indicating improved financial access for businesses in the sector.
Registration Trends
The percentage of registered establishments slightly increased from 36.80% to 37.20%. This trend indicates a growing formalisation of the unincorporated sector.
Month: Current Affairs - January, 2025
Category: Economy & Banking Current Affairs