India’s small businesses added 11 million jobs in 2023/24
2024.12.24 07:42
By Manoj Kumar
NEW DELHI (Reuters) – The number of jobs in small Indian businesses comprising manufacturing, trade and services rose to 120.6 million in 2023/24 from 109.6 million a year earlier, according to a government report released on Tuesday.
The estimated number of small manufacturing businesses increased to 20.15 million in 2023/24 from 17.83 million in 2022/23, while the total number of such businesses spanning manufacturing, trade and services rose to 73.4 million from 65 million a year earlier, the data showed.
The survey was conducted from October 2023 to September 2024.
“The unincorporated non-agricultural sector, comprising small manufacturing, trade and other services, plays a crucial role in the economy… contributing significantly to employment,” said Saurabh Garg, secretary at the Ministry of Statistics, while releasing the annual report.
