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Small cos recorded 10% jobs growth in 2023-24

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New Delhi: India’s small enterprises recorded a 10% growth in employment to 120.6 million in 2023-24 from 109.6 million in the previous year, according to a government report released on Wednesday.

Uttar Pradesh topped the list with the highest share of 13.3% among states and union territories, followed by Maharashtra (10.1%), West Bengal (10%), Gujarat (7.6%), and Tamil Nadu (7.3%).

The Annual Survey of Unincorporated Sector Enterprises (ASUSE) was conducted by the Ministry of Statistics and Programme Implementation (MoSPI) between October 2023 and September 2024.

Unincorporated enterprises are non-agricultural establishments that are not registered under the Companies Act, 1956 or the Companies Act, 2013.

The number of establishments increased by 12.7%, rising to 73.4 million in 2023-24 from 65.1 million in 2022-23. Rural areas had more establishments, with 39.7 million compared to 33.7 million in urban areas.


The report highlighted that the highest number of establishments were in other retail trade, followed by manufacturing wearing apparel.Uttar Pradesh led with the highest share of unincorporated establishments at 12.8%, followed by West Bengal (12.6%) and Maharashtra (8.8%).More female owned businesses than before, showed data. The share of female-headed proprietary establishments grew to 26.2% from 22.9% in the same period.

West Bengal had the largest share of establishments, accounting for 36.4% in 2023-24, followed by Karnataka (35.2%), Telangana (34.1%), Gujarat (32.2%) and Tamil Nadu (28.4%). The gross value added (GVA) by unincorporated enterprises rose by 16.5% to ₹18 lakh crore in 2023-24 from ₹15.4 lakh crore in the year before.

Maharashtra, Uttar Pradesh and Gujarat contributed about one-third of the total GVA in 2023-24.

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