Context:
The results of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 have been released.
Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24
- Released by: National Statistics Office, Ministry of Statistics and Programme Implementation (MoSPI).
- Reference Period: October 2023 – September 2024.
- About ASUSE:
- Objective: Measure various economic and operational characteristics of unincorporated non-agricultural establishments in manufacturing, trade, and other services sector (excluding construction).
- Purpose: Input for policymaking, supporting national accounts statistics & requirements of key ministries, data-driven decisions, etc.
- Key Findings:
- Number of Establishments: Increased to 7.34 crore, a 12.84% growth from 2022-23.
- Female-owned Proprietary Establishments: Increased to 26.2% from 22.9% in 2022-23, indicating a rise in female entrepreneurship.
- Gross Value Added (GVA): Contribution grew by 16.52% (at current price), driven by growth in other services sector.
- Employment: Sector employed more than 12 crore workers.GVA per Worker: Increased by 5.62% (in current prices), a measure of labour productivity.
- Internet Usage: Percentage of establishments using the internet grew to 26.7% from 21.1% in 2022-23, reflecting a trend toward digital adoption.
- Significance of Unincorporated Non-Agricultural Sector:
- Contributes to employment generation & GDP.
- Promotes entrepreneurship.
- Backbone for the incorporated sector by reinforcing its role in the domestic supply value chain, etc.
About Unincorporated Sector Enterprise
- A producer unit which is not incorporated as a legal entity separate from the owner.
- Assets: Belong to the owners, not the enterprise.
- Transactions and Contracts: Cannot engage in transactions or enter into contractual relationships with other economic units.
- Liabilities: Cannot incur liabilities on their own behalf.
- Owner’s Liability: Owners are personally liable for any debts or obligations incurred during production.
Source: PIB
Previous Year Question
With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct?
1. They can sell their own goods in addition to offering their platforms as market-places.
2. The degree to which they can own big sellers on their platforms is limited.
Select the correct answer using the code given below:
[UPSC CSE – 2022 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (d)