18 lakh industries closed in 7 years, 54 lakh jobs lost

-NSO data revealed, all industries are in unorganized sector
New Delhi. In India, 18 lakh unorganized enterprises in the manufacturing sector have closed during July 2015 to June 2016 and October 2022 to September 2023. During this period, 54 lakh people working in these unorganized enterprises lost their jobs.
This has come to light from the comparative analysis of the fact sheet of the recently released 'Annual Survey of Unorganized Sector Enterprises' and the 73rd round of survey conducted by the National Statistical Office (NSO) in 2015-16.
During October 2022 to September 2023, about 178.2 lakh unorganized units were working in the manufacturing sector, which is about 9.3 percent less than the 197 lakh unorganized units working between July 2015 to June 2016. Similarly, the number of people working in these establishments has also decreased by about 15 percent to 3.06 crores during this period, which was earlier 3.604 crores.
Unincorporated enterprises include small businesses
Unincorporated enterprises include those business units which are not incorporated as separate legal units. Usually these enterprises include small businesses, sole proprietorships, partnerships and informal sector businesses. Compared to the pandemic low of April 2021 to March 2022, 1.17 crore workers were added between October 2022 and September 2023, taking the total number of employees in India’s vast informal sector to 10.96 crore, but this number is still lower than before the pandemic.