Retail, apparel dominate informal enterprises, employ most workers

The use of the internet for entrepreneurial purposes has increased by 7.2 per cent, indicating a rapid rate of digitisation in the sector, MoSPI said.

Indian retailers, India retail inflation, Retail market, apparel market, online retail, Ministry of Statistics and Programme Implementation, mospi, Indian express business, business news, business articles, business news stories

The unincorporated non-agricultural sector employed about 11 crore workers from October 2022 to September 2023, up from 9.8 crore in ASUSE 2021-22. More than one-third of this labour force was engaged in the states of Uttar Pradesh, Maharashtra and West Bengal.

Retail trade, manufacturing of wearing apparel, and community, social and personal services were the top activity categories in the informal sector and employed the highest number of workers among the informal enterprises, the Annual Survey of Unincorporated Enterprises (ASUSE) for 2021-22 and 2022-23 released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday showed.

The total number of establishments in the informal sector increased to 6.50 crore in 2022-23 from 5.97 crore in 2021-22, recording a 5.88 per cent annual growth. Out of the total number of establishments, other services sector topped with the highest share of enterprises at 37.88 per cent in ASUSE 2022-23, followed by trade (34.71 per cent) and manufacturing (27.41 per cent), the MoSPI release said. Other retail trade accounted for 30.38 per cent of the enterprises and employed 29.80 per cent of the total workers in ASUSE 2022-23, followed by manufacturing of wearing apparel with 11.27 per cent share of establishments and 8.39 per cent share of total workers.

The use of the internet for entrepreneurial purposes has increased by 7.2 per cent, indicating a rapid rate of digitisation in the sector, MoSPI said.

Unincorporated sector enterprises’ Gross Value Added (GVA) grew 9.83 per cent at current prices in October 2022-September 2023 compared with the April 2021-March 2022 period. The highest number of establishments (rural and urban combined) were recorded in Uttar Pradesh, followed by West Bengal and Maharashtra. The proportion of female workers has marginally increased to 25.63 per cent in ASUSE 2022-23 from 25.52 per cent in ASUSE 2021-22.

Live Updates | Click here for Union Budget 2024 announcements by FM Nirmala Sitharaman | New Income Tax changes announced - check here

Aanchal Magazine

Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 12 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More

First uploaded on: 06-07-2024 at 04:25 IST

Olympics: Argentina scrape out 2-2 draw against Morocco, Spain win against Uzbekistan

SportsUpdated: July 24, 2024 23:12 IST

Argentina's squad, led by Manchester City's Julian Alvarez, made a comeback to draw 2-2 against Morocco in the Paris Olympics. Morocco's Soufiane Rahimi scored both goals, but Giovanni Simeone and Cristian Medina equalized for Argentina. In another match, Spain defeated Uzbekistan 1-2, with FIFA president Gianni Infantino in attendance.

View all shorts

Live Blog