India’s unincorporated businesses rise to 9.2 crores in Q4FY26

India's small businesses are booming. The number of unincorporated establishments grew by 16.7% to 9.2 crore in the January-March quarter. Rural areas led this expansion with a 20.5% increase. Employment also rose 15.5% to 151.7 million, driven by the services sector. Women's participation in the workforce increased. Digital adoption remains high among these businesses.