Annual Survey of Unincorporated Sector Enterprises (ASUSE) by MoSPI

December 26, 2024

The Ministry of Statistics and Programme Implementation (MoSPI) has published the Annual Survey of Unincorporated Sector Enterprises (ASUSE) results for 2023-24, which captures the economic landscape of India’s unincorporated non-agricultural sector from October 2023 to September 2024. This sector contributes to job creation, GDP, and the overall economy.

Survey Scope and Data Collection

The ASUSE survey focuses on unincorporated businesses in manufacturing, trade, and services, excluding construction. It gathers data on worker numbers, Gross Value Added (GVA), wages, assets, loans, and ownership details. This information aids in policymaking and enhances national economic statistics.

Growth in Businesses and Employment

The ASUSE 2023-24 results indicate a robust recovery in the unincorporated sector. The number of businesses surged from 6.50 crore in 2022-23 to 7.34 crore, a 12.84% increase. Employment in this sector rose by over one crore, surpassing 12 crore workers. The “Other Services” sector experienced the highest employment growth at 17.86%.

GVA, important economic performance metric, increased by 16.52%. The “Other Services” sector contributed , with a 26.17% rise in GVA. GVA per worker also improved by 5.62%, reaching Rs. 1,49,742. Manufacturing grew by 13%, reflecting overall economic resilience.

Women’s Entrepreneurship and Wages

The percentage of businesses owned by women rose from 22.9% to 26.2%, denoting a trend towards increased female entrepreneurship. Wages for hired workers grew by 13%, with manufacturing seeing the highest increase at over 16%.

Rise in Digital Adoption

Digital adoption among businesses is on the rise. The proportion of businesses using the internet increased from 21.1% in 2022-23 to 26.7% in 2023-24. This shift indicates a growing reliance on digital tools for operational efficiency.

Annual estimates for ASUSE 2023-24 and previous years are accessible on the MoSPI website, particularly in the Data Catalogue section.

GKToday Notes:
ASUSE: The Annual Survey of Unincorporated Sector Enterprises assesses India’s non-agricultural sector. It provides crucial economic data for policymaking and reflects growth post-pandemic.
MoSPI: The Ministry of Statistics and Programme Implementation oversees statistical data collection in India. It plays a vital role in national economic planning and supports various ministries with informed decision-making.
GVA: Gross Value Added measures economic performance. It reflects the contribution of sectors to the economy, indicating productivity and growth trends, particularly in the unincorporated sector.

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