India’s small businesses added 11 million jobs in 2023/24 By Reuters

By Manoj Kumar

NEW DELHI (Reuters) – The number of jobs in Indian small businesses, which span manufacturing, trade and services, rose to 120.6 million in 2023/24 from 109.6 million a year earlier, a government report said on Tuesday.

The estimated number of small manufacturing enterprises rose to 20.15 million in 2023/24 from 17.83 million in 2022/23, while the total number of such enterprises spanning manufacturing, trade and services rose to 73.4 million from 65 million a year ago, it showed. give the data. .

The survey was conducted from October 2023 to September 2024.

“The unparticipated non-agricultural sector, which includes small-scale manufacturing, trade and other services, plays a crucial role in the economy… contributing significantly to employment,” said Saurabh Garg, secretary of the Ministry of Statistics, releasing the annual report.