NSO survey shows

Ahmedabad: 82.4 percent of corporate service institutions were private limited companies during the financial year 2022-23. This has been revealed in the first survey of India’s service sector released by the National Statistics Office (NSO) on Wednesday. This situation has been seen in all major activity categories including construction, trade and other services.

The survey, called pilot study on the annual survey of service sector enterprises, was conducted by NSO in two phases last year from May 2024 to August 2024 and from November 2024 to January 2025. It used goods and service tax networks data to identify enterprises.

Survey data shows that only 8.5 percent service enterprises were public limited companies and 7.9 percent enterprise limited obligation participation (LLP). The survey also shows that India’s service sector is business of Rs 1,000 crore. Large industries with a turnover of Rs 500 crore or more are dominated. Their stake in gross value enhancement (GVA) is two-thirds, while the overall stake in the service sector is only 2.8 percent.

The share of large companies in capital expenditure was 62.3 percent and about the same in immovable assets. His stake in outstanding loans is 36.1 percent and his share in employment generation is less than 37 percent.