The Ministry of Statistics and Programme Implementation survey reveals that employment in the informal sector grew by 10% with over 12 crore workers employed between October 2023 and September 2024.
The number of establishments in the informal sector also increased by 12% to 7.34 crore during the same period.
Gross Value Added (GVA) in the non-agriculture sector grew by 16.52%, and the average emolument of hired workers increased by 13%.
Female entrepreneurship showed a positive shift, with female-owned establishments rising from 23% to 26% in ASUSE 2023–24.