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Time of India
30-04-2025
- Business
- Time of India
Services sector enterprises with less than Rs 500 crore output account for 63% employment: Survey
Services sector enterprises with less than Rs 500 crore output accounted for 63.03 per cent of the total employment in the segment, according to a government survey released on Wednesday. The first pilot study on the Annual Survey of Services Sector Enterprises (ASSSE) conducted by the Ministry of Statistics & Programme Implementation revealed that larger enterprises with output Rs 500 crore and above dominate in terms of asset ownership (62.77 per cent), net fixed capital formation (62.73 per cent), gross value added (69.47 per cent) and total compensation (63.17 per cent). #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The data also showed "that enterprises (having output below Rs 500 crore ) make up almost account for 63.03 per cent of total employment and 36.84 per cent of total compensation". According to the survey, 28.5 per cent of enterprises reported having additional places of business within the state. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Car Cleaner Works So Fast, It Feels Like Cheating Make Your Car Look Like New This percentage was observed to be the highest in the trade sector, with around 41.8 per cent of enterprises belonging to this sector reporting additional places of business in the state. The findings, which are based on the GSTN database, will provide a foundation for launching the full-scale annual survey, starting in January 2026, the statement said. Live Events A majority of the corporate entities in the pilot study on ASSSE are Private Limited Companies (82.40 per cent at the overall level) during FY 2022-23, followed by Public Limited Companies and Limited Liability Partnership (each having nearly 8 per cent share). Phase I of the pilot was conducted from May 2024 to August 2024 covering 10,005 enterprises primarily to verify and update address and activity information, along with collecting some quantitative information like gross sale value and employment. Phase-II of the pilot study was based on responses from 5,020 enterprises selected from the list of eligible enterprises of Phase-I took place from November 2024 to January 2025.
Business Standard
30-04-2025
- Business
- Business Standard
Ministry of Statistics releases findings of pilot study on Annual Survey of Services Sector Enterprises
Ministry of Statistics & Programme Implementation released findings of a pilot study on Annual Survey of Services Sector Enterprises (ASSSE) to capture insights into the Incorporated Service Sector. The pilot study covered those service sector enterprises from the GSTN database which are registered under Companies Act, 1956 or, Companies Act, 2013 or Limited Liability Partnership (LLP) Act, 2008. The pilot provides valuable operational insights and a foundation for launching a robust, full-scale annual survey of incorporated service sector enterprises from January 2026. It can be seen that majority of the corporate entities in the pilot study on ASSSE are Private Limited Companies (82.40% at overall level) during FY 2022-23 followed by Public Limited Company and Limited Liability Partnership (each having nearly 8% share). The same trend is noticeable for all the Broad Activity Categories (BAC) i.e., Construction, Trade and Other data reveals that larger enterprises with output Rupees 500 crores and above dominate in terms of asset ownership (62.77%), net fixed capital formation (62.73%), gross value added (69.47%) and total compensation (63.17%). Further, data also reveals that enterprises (having output below Rupees 500 crores) make up almost account for 63.03% of total employment and 36.84% of total compensation. Overall, 28.5% of enterprises reported having additional places of business within the state. This percentage was observed to be the highest in the Trade sector with around 41.8% of enterprises belonging to this sector reported additional places of business in the state.
