IANS | 16 Jun, 2024
India’s unincorporated non-agricultural sector has registered a robust
increase in employment with both manufacturing and services segments recording
a significant expansion in establishments in the post-Covid period, according
to a survey released by the Ministry of Statistics on Friday.
“The unincorporated non-agricultural sector employed about 11 crore
workers from October 2022 to September 2023, up from 9.8 crore in 2021-22,
showing a healthy labour market growth. This 7.8 per cent annual growth
demonstrates the sector’s capacity to generate employment,” the survey said.
Sector-wise, the maximum annual growth in employment during the period
was observed in the 'other services' sector (13. 42 per cent), followed by the
manufacturing sector (6.34 per cent).
According to the survey, the estimated number of establishments grew by
5.88 per cent from October 2022 to September 2023 in comparison to April 2021
to March 2021. Construction activity was excluded from the figures.
The majority of the workers in the non-agricultural unincorporated
sector are informal workers. The survey shows that the average annual earnings
for informal workers rose to Rs 1,10,982 in 2022-23 from Rs 1,06,381 in
2021-22. This reflects improved wage conditions in the informal sector, the
survey said.
During the same period, the gross value of output (GVO) per
establishment also increased from Rs 3,98,304 to Rs 4,63,389.
This indicates increased productivity with more efficient use of
resources, including labour, which is critical for sustained economic growth
and competitiveness, the survey pointed out.
The gross value added (GVA) also grew by 9.83 per cent (at current
price) during this period.
The unincorporated non-agricultural sector plays a pivotal role in the
Indian economy, contributing significantly to employment, gross domestic
product, and the overall socio-economic landscape.
The sector also supports the incorporated sector by acting as suppliers
and service providers, thereby forming an integral part of the domestic value
chain, the survey added.
--IANS
