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

Factly has reported a new India-focused explainers development: “India’s Unincorporated Economy: What District-Level Data Reveals.” The publisher's feed describes the story as follows: 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 est
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