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Informist, Wednesday, Apr. 30, 2025

--Govt releases findings of pilot study on services sector enterprises 

--Govt: To launch full-scale annual survey of services sector cos in Jan

NEW DELHI – The Ministry of Statistics and Programme Implementation Wednesday released the findings of the pilot study on the Annual Survey of Services Sector Enterprises, and said that the full-scale survey will be launched in January.

The study showed that larger incorporated services sector companies dominated in terms of total compensation but lagged behind in total employment. Companies with INR-5-billion output or more, which made up just 3% of the surveyed enterprises, had a 63.2% share in total compensation but only 37.0% share in terms of total persons engaged.

Companies with less than INR 5 billion of output employed accounted for 63.0% of total employment but just 36.84% of total compensation. Companies with less than INR 100 million output, which were 67% of the total enterprises surveyed, had only a 3.2% share in total compensation and 9.3% share in employment. 

"The main objective was to test operational processes - enterprise response, clarity of survey instructions, efficacy of the questionnaire and the availability of key data from official records such as books of accounts, profit and loss statements, and labour registers," the ministry said in a release.

The pilot was conducted in two phases. The first phase was held during May–Aug 2024, covering 10,005 enterprises primarily to verify and update address and activity information along with collecting some quantitative information such as gross sale value and employment.

The second phase of the pilot took place November to January with 5,020 enterprises and 2022-23 (Apr-Mar) as the reference period. Around 11.50% of these enterprises did not respond to the survey in the second phase of the pilot.

As per the survey, enterprises with INR 5 billion or higher output accounted for 62.8% of the total fixed assets, 62.2% of the gross fixed capital formation, and 69.5% of the total gross value added.  End

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

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