About Annual Survey of Unincorporated Sector Enterprises:
- It is carried out with the primary objective of measuring various economic and operational characteristics of unincorporated non-agricultural establishments in manufacturing, trade and other services sectors (excluding construction).
- The survey collects data on various economic characteristics of this sector including number of workers, GVA, emoluments paid, fixed asset owned, outstanding loan, besides, different types of operational characteristics such as type of ownership, nature of operation, registration status, use of ICT, etc.
- Significance: The data serves as a key input for policymaking, supporting National Accounts Statistics, fulfilling the requirements of Ministries such as M/o Micro, Small and Medium Enterprise (MSME), Textiles, Labour & Employment, and empowering stakeholders to make informed, data-driven decisions.
Key highlights
- The ASUSE 2023-24 results highlight significant growth in establishments, employment, and productivity in the unincorporated non-agricultural sector.
- The total number of establishments in the sector increased substantially from 6.50 crore in 2022-23 to 7.34 crore in 2023-24, representing a healthy12.84% growth.
- Among the broad sectors covered, the number of establishments in the “Other Services” sector recorded a growth of 23.55% followed by a 13% increase witnessed by the manufacturing sector.
- During the same period, the Gross Value Added (GVA) which is a key indicator of economic performance rose by16.52% driven by a 26.17% growth in other services sector.
- The percentage of female-owned proprietary establishments has increased from 22.9% in 2022-23 to 26.2%
- The average emolument per hired worker also increased by 13% in 2023-24 compared to the previous year, 2022-23, signaling improvements in wage levels.
- Percentage of establishments using internet has also grown significantly from 21.1% in 2022-23 to 26.7% in ASUSE 2023-24.
Q1: What Is Gross Value Added (GVA)?
Gross value added (GVA) is an economic productivity metric that measures the contribution of a corporate subsidiary, company, or municipality to an economy, producer, sector, or region.
Source: PIB
Last updated on Dec 26, 2024
→ UPSC Civil Services 2024 Interview Schedule has been released on 21st December 2024. As per the schedule, the UPSC CSE interviews will be held from January 7 to April 17, 2025.
→ The UPSC Civil Services Notification 2024 was released for 1056 vacancies.
→ Candidates who have completed graduation are eligible for the exam.
→ The candidates are required to go through a 3 stage selection process - Prelims, Main and Interview.
→ Go through the UPSC Previous Year Papers and UPSC Civil Services Test Series to enhance your preparation.
Tags: annual survey of unincorporated sector enterprises Prelims Pointers upsc current affairs upsc prelims current affairs
