Biz Updates: MSME of manufacturing-services sector provided employment to more than two crore people
New Delhi| Capital expenditure of the private corporate sector is estimated to decline by about 25 per cent to Rs 4.88 lakh crore from 6.56 lakh crore in the current financial year 2025-26. According to the Ministry of Statistics and Program Implementation, actual capital expenditure in the private corporate sector was Rs 3.94 lakh crore in 2021-22, Rs 5.72 lakh crore in 2022-23 and Rs 4.22 lakh crore in 2023-24.
According to the report, total capital spending has increased by 66.3 per cent over the four-year period from 2021-22 to 2024-25. Of the 3,064 companies, 2,172 said they intended to incur capital spending for 2025-26. However, the respondents are being cautious in announcing capital expenditure plans. The average gross real estate (GFA) per company in the private corporate sector was estimated at Rs 3,151.9 crore in 2021-22. In 2022-23, it increased by four per cent to Rs 3,279.4 crore and in 2023-24 it increased by 27.5 per cent to Rs 4,183.3 crore.
MSME of manufacturing-services sector provided employment to more than two crore people
Micro, Small and Medium Enterprises (MSMEs) with 20 employees from manufacturing and service sectors have employed more than two crore people during the last financial year 2024-25.
According to the payroll data of Employees’ State Insurance Corporation (ESIC), 2.09 crore new registrations under EMIC took place through these small companies in the period April, 2024 to February, 2025. The figures for March are yet to come. According to the data, there were an average of 1.9 million new registrations each month in 2024-25. On this basis, 2.28 crore jobs could be created during the entire financial year, which could become a new record. However, this figure does not reflect the number of people who moved out of the formal job market or changed jobs. There were a total of 2.21 crore new registrations under ESIC during 2023-24. The increase in new registrations of employees under ESIC is mainly due to rapid expansion in new districts and better services, a senior government official said. Due to this, companies and workers are coming under its purview. Most of the registrations at ESIC were from small and medium enterprises with up to 250 workers, the official said.
