India’s Unincorporated Economy: What District-Level Data Reveals

TL;DR: India’s unincorporated economy is far larger and more geographically varied than the usual picture of formal companies suggests. ASUSE 2025 estimates 7.92 crore establishments and 12.5 crore workers, with nearly half of all establishments concentrated in just five states. Yet most are tiny: the average establishment has only 1.61 workers, and just 13.1% employ [...] The post India’s Unincorporated Economy: What District-Level Data Reveals appeared first on FACTLY.