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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
livemint.com / 1 year ago
India needs a better way to track its micro-enterprises
Subscribe to enjoy similar stories. Even before we could get to see the results of the seventh economic census (conducted in 2019-20), plans are afoot to conduct the eighth one in the coming months. India’s economic census is supposed to be a comprehensive database of all firms in the country, including micro-enterprises.
It is supposed to be conducted every five years and serve as a sampling frame for informal-sector surveys. These surveys are then used to estimate the informal sector’s contribution to national output. Ever since the first economic census was launched in the mid-70s, there have been recurrent complaints regarding data quality: both from within the statistical establishment and from outside.
Since the economic census is conducted jointly by the National Statistical Office (NSO) and state directorates of economics and statistics (DES), the exercise has been marred by coordination, staffing and supervision problems. When the seventh economic census was being conceived, given the delays in the sixth iteration and doubts over data quality, the National Statistical Commission had recommended that the next one not be conducted till those problems were sorted out. But the NSO went ahead with its plans and deployed staff from the information technology ministry’s Common Service Centres (CSC) to conduct the census.
The role of state DES was minimized. The results were even more disappointing than earlier, and may not be released. Given the troubled history of India’s economic census, it is worth considering other alternatives to map the spread of enterprises across the country.
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
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21.05 / 10:17
markets
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War
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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SpaceX, Anthropic and OpenAI’s sprint to go public defines the AI boom’s big day
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21.05 / 09:47
markets
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
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UPS
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
