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Bloomberg Quint

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Image Credit: Bloomberg Quint

Employment In Informal Sector Grows 10%, Says Government Survey

  • 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.

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