Annual Survey of Unincorporated Sector Enterprises

26.12.2024

Annual Survey of Unincorporated Sector Enterprises

Why in the news?                    

             Recently, the Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24.

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 of Annual Survey of Unincorporated Sector Enterprises:

• 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 healthy 12.84% 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 the internet has also grown significantly from 21.1% in 2022-23 to 26.7% in ASUSE 2023-24.

                                                                          Source: PIB

Consider the following statements regarding the Annual Survey of Unincorporated Sector Enterprises:

1. It measures various economic and operational characteristics of unincorporated non-agricultural establishments.

2. It helps various ministries to make informed and data-driven decisions.

Which of the statements given above is/are correct?

A.1 only

B.2 only

C.Both 1 and 2

D.Neither 1 nor 2

Answer C