India's unincorporated businesses rise 16.7% to 9.2 cr this year
Business
India's unincorporated businesses just got a big lift, growing 16.7% over the past year, according to new government data.
There are now 9.2 crore such businesses, up from 7.9 crore last year, with rural areas leading the charge (up 20.5%) compared to cities (12.6%).
Unincorporated employment rises 15.5% in India
Jobs got a solid bump too. Employment rose by 15.5%, hitting 151.7 million people, thanks mostly to a huge jump in services sector jobs (up 31%).
Manufacturing and trade also grew, but not as fast.
Women now make up over 29% of the workforce, a small but steady rise.
Plus, around 81% of these businesses are using digital tools and payments, showing tech is becoming a core part of how they work.