India's informal sector surged in 2023-24, adding over 120 million jobs and seeing significant female participation.

India's informal sector saw a significant 10% employment increase in 2023-24, employing over 120 million workers. The number of establishments also grew by 12.84% to 73.4 million. Female participation rose, with 58% of manufacturing establishments led by women and overall female workers up to 28.12%. Gross Value Added rose 16.52% driven by services growth. Uttar Pradesh, Maharashtra, and Gujarat led in GVA contributions.

2 months ago
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