New Delhi, May 1 -- According to the first pilot study on Annual Survey of Services Sector Enterprises (ASSSE), Services enterprises with an output of less than Rs 500 crore accounted for over 63 per cent of total employment in India.

The study reveals a stark contrast in economic contributions between smaller and larger enterprises. While smaller businesses dominate employment, larger enterprises-those with an output of Rs 500 crore and above-hold significant shares in key economic metrics.

These include 62.77 per cent of total asset ownership, 62.73 per cent of net fixed capital formation, 69.47 per cent of gross value added, and 63.17 per cent of total compensation.

The data also highlights that the majority of corporate entities su...