India’s small companies added 11 million jobs in 2023/24


By Manoj Kumar

NEW DELHI (Reuters) – The variety of jobs in small Indian companies comprising manufacturing, commerce and companies rose to 120.6 million in 2023/24 from 109.6 million a yr earlier, in line with a authorities report launched on Tuesday.

The estimated variety of small manufacturing companies elevated to twenty.15 million in 2023/24 from 17.83 million in 2022/23, whereas the entire variety of such companies spanning manufacturing, commerce and companies rose to 73.4 million from 65 million a yr earlier, the info confirmed.

The survey was carried out from October 2023 to September 2024.

“The unincorporated non-agricultural sector, comprising small manufacturing, commerce and different companies, performs a vital function within the economic system… contributing considerably to employment,” mentioned Saurabh Garg, secretary on the Ministry of Statistics, whereas releasing the annual report.

admin

Share
Published by
admin

Recent Posts

What Precisely Is the U.S. Financial system?

What Precisely Is the U.S. Financial system?   The USA of America, one of many…

7 hours ago

Ashley’s Frasers explores bid for ailing Revolution Magnificence

Mike Ashley, the excessive road billionaire, is exploring a cut-price takeover bid for struggling Revolution…

12 hours ago

River Island homeowners draw up rescue plan for prime avenue chain

The household behind River Island, the excessive avenue trend retailer, is drawing up a radical…

16 hours ago

EuroMillions: Single ticket-holder might win UK’s largest lottery prize tonight

A single ticket-holder might win the largest lottery prize the UK has ever seen in…

1 day ago

In a dangerous world, the explosive Trump-Musk bust-up is additional terrifying than titillating

Elon Musk posted in February that he appreciated his president, patron and personal buddy, “as…

1 day ago

Commerce conflict: US hiring slows however employment resilient

The US economic system noticed a slowdown in hiring however no leap in unemployment final…

1 day ago