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NSO study: Pvt Ltd firms dominate formal services
Business Standard
|May 01, 2025
Over 83% of them are large companies
About 83 per cent corporate services entities were private limited companies during 2022-23 (FY23), shows a pilot study, the first of its kind, of India's services sector, conducted by the National Statistics Office (NSO). The results of the study were released on Wednesday.
The trend is noticeable for all the broad categories, ie construction, trade, and other services. The survey, titled "Pilot Study on Annual Survey of Services Sector Enterprises (ASSSE)", was conducted in two phases — between May 2024 and August 2024 and between November 2024 and January 2025 — using the Goods and Services Tax Network (GSTN) data as a frame to recognise enterprises.
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