The workforce employed in industries in 2023-23 was 1.95 crore, as compared to 1.84 crore in 2022-23, as per the Annual Survey of Industries (ASI) released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday.
The data covers the reference period of April 2023 to March 2024 (i.e. financial year 2023-24).
The invested capital in the industries also rose for the same time period to ₹68,01,329 crore in 2023-24 from ₹61,39,212 crore in 2022-23.
The data further revealed that industries added more than 57 lakh jobs in the job pool during the last decade, from 2014-15 to 2023-24.
Also Read: ‘US tariffs disadvantageous for Indian auto, tyre industries'
The data also showed that the Gross Value Added (GVA) in the industries increased by 11.9 per cent to ₹24,58,336 crore in the fiscal-under-review from ₹21,97,056 crore in the preceding fiscal.
The GVA is defined as the additional value created by the process of production and calculated by deducting the value of total input from total output.
The top 5 industries with respect to GVA are basic metals, motor vehicles, chemical and chemical products, food and pharmaceutical products.
The Annual Survey of Industries is conducted with the primary objective to provide a meaningful insight into the dynamics of change in the composition, growth and structure of various manufacturing industries in terms of output, value added, employment, capital formation and a host of other parameters.
The ASI broadly covers factories, beedi and cigar-manufacturing establishments, electricity utilities, and units with 100 or more employees registered in the Business Register of Establishments prepared and maintained by the state governments.
In terms of employment generation, the top five states in India are Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka.
Follow us
