A Nation of Shopkeepers – 1 shop for every 15 families !

village-streetIndians eager to show their entrepreneurial spirit, open more shops, providing 1 shop for every 15 families.

Manufacturing, the backbone of prosperity for any economy, is second to retail with over 1 crore units.

Transport companies, warehousing, hotels, and eateries and healthcare related enterprises are other major occupations, while educational enterprises have emerged as major employers with over 2 million such businesses employing nearly 1.1 million people.

These stats were taken from the 6th Economic Census conducted by the government in 2013, detailed results of which were released earlier this year. For its purpose some 5.8 crore enterprises were counted, employing 13 crore persons. The previous census was done in 2005.

The sector that really boomed is construction. Trade is arguably the biggest

Some say the vast numbers involved in diverse enterprise building needs to be tempered however as nearly 96 percent of all enterprises employ 1 to 5 workers with just 1.4 percent employing over 20 workers.

Economists suggested that retail trade is in fact a last resort for families seeking to boost incomes by selling a few items in villages. This transient nature of the retail trade seems confirmed by the fact that 25 percent of these establishments are run from within homes, and 17 percent are run without any fixed structure.