State of the unorganized sector in India
Last month, the National Sample Survey Office (NSSO) released the results of its annual survey of unincorporated sector enterprises (ASUSE). The survey was conducted during October 2022 to September 2023. ASUSE is conducted to measure various economic and operational characteristics of unincorporated non-agriculture establishments in manufacturing, trade and other service sectors (excluding construction). The key highlights of the survey are as follows: Demographics · There are 65 million establishments belonging to unincorporated ‘manufacturing’, ‘trade’ and ‘other services sector’ in India. Out of these estimated 65mn establishments, about 55% (35.6mn) are in rural areas and about 45% (29.4mn) in urban areas. 85% (5.53cr) of these units are Own Account Establishments (OAE means no hired worker) and the remaining 15% are Hired Worker Establishments (HWE). · Uttar Pradesh (13.82%...