Latest news with #AnnualSurveyofUnincorporatedSectorEnterprises
Hans India
28-05-2025
- Business
- Hans India
Meeting held on bettering synergy between data producers, users at ISB
Hyderabad: The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), in collaboration with the Indian School of Business (ISB), organised a Data Users Conference on Tuesday. The conference aimed to deepen the interaction between data producers and users by discussing two newly released surveys—the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023–24 and the Forward-Looking Survey on Private Sector Capital Expenditure (CAPEX) Investment Intentions. The event attracted over 200 delegates, including researchers, academicians, economists, representatives from industrial associations and trade bodies, policymakers, international organisation representatives, enterprise representatives, and esteemed institutions from academia and the media. Domain experts and members of the National Statistical Commission (NSC) were also present. The conference was chaired by Dr Saurabh Garg, Secretary of MoSPI, who emphasised the Ministry's core vision of 'Data for Development.' He highlighted MoSPI's role as the largest primary data collector in India, and potentially the world, with survey sample sizes ranging from one to five lakh units. He pointed out several innovations, including the monthly release of the Periodic Labour Force Survey (PLFS) for both rural and urban areas and the forward-looking CAPEX Investment Intentions Survey, which provides insights into future private sector investment trends. Delivering the keynote address, Dr V Anantha Nageswaran, Chief Economic Advisor (CEA), Government of India, commended MoSPI for its commitment to enhancing data granularity. He asserted that a strong conviction for policy reform will be sustained by detailed data insights. He emphasised the importance of macroeconomic indicators based on the recently released reports on the ASUSE and CAPEX investment surveys. Prof. Madan M Pillutla, Dean of the Indian School of Business (ISB), expressed gratitude to MoSPI for their collaboration and emphasized the importance of such data user conferences. He discussed the significance of data collection and the tradition of regularity and reliability that has been upheld. His address also stressed the importance of research, data, capacity building, and cross-validation. Geeta Singh Rathore, Director General (NSS), MoSPI, elaborated on the significance of the data user conference for bridging the gap between data users and data. She briefly highlighted the importance and application of ASUSE and CAPEX data.
Time of India
27-05-2025
- Business
- Time of India
Track credit schemes, add re focus in Capex survey: MoSPI
The Ministry of Statistics and Programme Implementation ( MoSPI ) on Tuesday called for monitoring the utilisation and impact of credit access programmes such as MUDRA to support enterprise formalisation and financial inclusion in the upcoming Private Sector Capital Expenditure (CAPEX) and Annual Survey of Unincorporated Sector Enterprises ( ASUSE ) surveys. In a statement issued after the Data Users Conference in Hyderabad, the ministry said there is a need to include "dedicated questions on investment intentions in renewable energy sources such as biomass, solar, and wind in the upcoming round of the CAPEX survey ." Addressing the gathering, V Anantha Nageswaran, Chief Economic Advisor (CEA), stated that conviction for policy reform must be sustained by the pulse of granular data. "The ASUSE and the Private Sector CAPEX Investment Intention Survey together cover wide ground in providing a realistic picture of activity in India's private sector," he said. The ministry also recommended enriching the ASUSE database by profiling the age of proprietary and partnership establishments and proposed capturing information on the reasons behind starting businesses in the unincorporated sector to enhance establishment profiling. Live Events
The Hindu
27-05-2025
- Business
- The Hindu
CEA bats for advancing land, labour reforms
Chief Economic Adviser V. Anantha Nageswaran on Tuesday underscored the need for India to view the crisis in global economy as an opportunity to introduce more reforms, especially land and labour. India's macroeconomic picture may be one of smooth sailing despite turbulent global waters. Yet the 'ongoing or brewing crisis' in global economy presents an opportunity to advance the cause of reforms in factor markets like land, labour and even intangible factor of production like knowledge, he told a Data User's Conference the NSO, Union Ministry of Statistics and Programme Implementation organised at the Indian School of Business here on Tuesday. Countries use crises as opportunities to surge ahead in prosperity and standards of living, said, seeking to highlight the growth opportunities emerging amid the China +1 production strategy of global firms. 'Right now, India's macro numbers paint a very promising picture. As per the Second Advanced estimates published by the National Statistics Office, the GDP real and nominal growth rates have been pegged at 6.5% and 9.9% respectively in 2024-25. This is the highest amount the major economies of the world,' he said. The conference was on the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24 and the Forward-Looking Survey on Private Sector Capital Expenditure (CAPEX) Investment Intentions. Noting granular data is crucial for building conviction for policy reform, Mr. Nageswaran said the findings of the two surveys provide insights into the state of the health of the private sector. Much remains to be done from that perspective, he said, adding how 'firms don't seem to be keen on opportunistic effects, which this survey defines as investment on new business activities expected to have more profitability or scope in the future.' An indication of this is meagre share of research and development in the provisional capex per enterprise. Large enterprises ought to pursue a medium to long term thinking beyond short term profitability, he said. Secretary to MoSPI Saurabh Garg highlighted enhancements in data dissemination through an upgraded portal featuring API access, interactive visualisations and strategic collaborations with academic and global partners. The conference was aimed to foster constructive dialogue between data producers and data users, facilitating knowledge exchange and showcasing India's rigorous data collection as a foundation for transformative policy reforms, the organisers said in a release. ISB Dean Madan Pillutla said in an era of advanced analytics, integrity of data is critical for building robust predictive models and deriving actionable insights.
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Business Standard
27-05-2025
- Business
- Business Standard
MoSPI calls to monitor MUDRA impact in upcoming CAPEX, ASUSE surveys
The Ministry of Statistics and Programme Implementation (MoSPI) has called for monitoring the utilisation and impact of credit access programmes such as MUDRA to support enterprise formalisation and financial inclusion in the upcoming Private Sector Capital Expenditure (CAPEX) and Annual Survey of Unincorporated Sector Enterprises (ASUSE) surveys. The National Statistical Office (NSO), in collaboration with the Indian School of Business (ISB), organised a data users' conference on Tuesday to strengthen the interaction between data producers and users. In addition, the ministry recommended enriching the ASUSE database by profiling the age of proprietary and partnership establishments. It also proposed capturing information on the motivation behind starting businesses in the unincorporated sector to enhance establishment profiling. Addressing the gathering, V. Anantha Nageswaran, Chief Economic Advisor (CEA), stated that conviction for policy reform must be sustained by the pulse of granular data. Among other topics, the conference focused on expanding the ASUSE and CAPEX datasets to include foreign direct investment (FDI), exports, imports, and participation in global value chains, aligning with India's Vision 2047 goals. The ministry also suggested that upcoming surveys should include dedicated questions on investment intentions in renewable energy sources, such as biomass, solar, and wind, in the next round of the CAPEX survey.
Indian Express
25-05-2025
- Business
- Indian Express
P Chidambaram writes: Why no jobs for most youth?
There are two recent reports on the Micro, Small, Medium Enterprises (MSME) sector, one by the Small Industries Development Bank of India (SIDBI) and the other by NITI Aayog. Both are official reports. There is also the Annual Survey of Unincorporated Sector Enterprises (ASUSE). What are the basic facts about the Micro, Small and Medium Enterprises (MSME) sector that can be gathered from the two reports? 🔴 Under the current classification, Micro enterprises have an investment limit of up to Rs 2.5 crore and turnover limit of up to Rs 10 crore; Small have up to Rs 25 crore and up to Rs 100 crore; and Medium have up to Rs 125 crore and up to Rs 500 crore. By this classification, it will be clear that all but a few thousand enterprises in India are MSME. 🔴 The distribution of the total number of MSMEs is skewed in favour of Micro: the shares are Micro — 98.64 per cent; Small — 1.24 per cent; and Medium — 0.12 per cent only. 🔴 Ownership is proprietorship (59 per cent), partnership (16), LLP (1), private limited company (23) and public limited company (1). 🔴 There are approximately 7,34,00,000 MSMEs in India. Of these, about 6,20,00,000 are registered on the Udyam Portal as on March 2025. 🔴 There is a credit gap of about 24 per cent in the MSME sector (about Rs 30 lakh crore); in the services sub-sector the gap is 27 per cent and in women-owned enterprises it is 35 per cent. 🔴 MSMEs contributed approximately 45 per cent of India's merchandise exports in 2023-24. In absolute terms, the number of exporting MSMEs was 1,73,350 in 2024-25 (that is a fraction of 1 per cent of the total number of MSMEs). The key goods that are exported are ready-made garments, gems and jewellery, leather goods, handicrafts, processed foods and auto components — all but one, low technology goods. 🔴 There is a plethora of credit support schemes and development schemes for MSMEs. Reading the reports, I counted at least two subsidy schemes, four credit guarantee schemes and at least thirteen development schemes. The Budget for 2025-26 announced a scheme for first-time entrepreneurs and a credit card scheme. It also announced a new Fund of Funds, a Deep Tech Fund of Funds and a revamped Street Vendors Nidhi (PM SVANidhi). 🔴 MSMEs are the primary source of employment generation. It is claimed that the total employment generated by the sector is around 26 crore. Now, let's come to the central question of this essay. Among the major challenges in the MSME sector, the reports list — ** Skilled labour shortages, skill gaps and difficulty in attracting talent. These findings tell the whole story of unemployment in the country. It is fair to assume that larger industries (with investment of over Rs 125 crore and turnover of over Rs 500 crore) employ persons with higher educational qualifications and higher skills which the bulk of the unemployed do not possess. On the other hand, MSMEs need labour; yet, if they have labour shortages and difficulty in attracting talent, why? The regrettable but inescapable conclusions are, firstly, that the applicants for jobs do not have the education or the skills to fill the jobs. And, secondly, that the jobs on offer are not attractive because of the structure of the enterprise or the emoluments. Matching the structural facts and the employment outcomes, it is not difficult to infer the reasons why there is high unemployment among the youth of India. 🔴 the population of India in April 2025 was 146 crore. 🔴 the labour force participation rate (LFPR) is the percentage of the population that is either working or actively seeking employment. It is 55.6 per cent or about 81 crore. 🔴 the worker population ratio (WPR) defines the proportion that is employed among the total population. It is 52.8 per cent or about 77 crore. 🔴 the absolute number of persons who are unemployed is the difference, namely, 4 crore. That's a large number but, remember, it is out of the number 'actively seeking employment'. There are many millions who have given up seeking employment for different reasons. the official unemployment rate is 4 crore/81 crore which equals 5.0 per cent. The overwhelming number of MSMEs are 'micro'— 98.64 per cent. Together with the fact that proprietorship and partnership constitute 75 per cent of all MSMEs, it is abundantly clear that the bulk of the 26 crore 'employed' are family members and relatives working in family-run enterprises. It is the 'small' and 'medium' (1.36 per cent of MSMEs or about 10,00,000) that actually employ people where there is a master-and-servant relationship. 🔴 The 'supply' side of jobs has to come from the 10,00,000 MSMEs. 🔴 The 'demand' side for jobs has to come from the young men and women who are school drop-outs or have a school education or have a basic arts or science degree. The potential employers are hit by lack of credit, the oppressive regulations, and the multiple schemes and compliances. The potential employees are hindered by the lack of quality education, lack of skills and absence of training — in short, there is little 'talent'. Governance should focus on these shortcomings. The first stop is school education with skills training. The next stop is helping SMEs (note that I have dropped the M) with just one liberal credit-cum-interest subsidy scheme. Keep it simple.
