The Annual Survey of Industries (ASI) conducted by the Ministry of Statistics and Programme Implementation (MoSPI) revealed that total employment in manufacturing industries rose by 7.5% in the Financial Year 2022-2023 (FY23), reaching 1.85 crore from 1.72 crore in FY 2021-22 (FY22).
- The survey’s fieldwork occurred between November 2023 and June 2024, covering the FY April 2022 to March 2023.
Highlights w.r.t Manufacturing Industries:
i.Employment in manufacturing exceeded pre-pandemic levels (2018-19) by 22.14 lakh.
ii.Average emoluments per person increased by 6.3% compared to FY22.
iii.Total employment grew from 1,72,15,350 in FY22 to 1,84,94,962 in FY23, with prior years’ figures being 1,60,89,700 (FY21), 1,66,24,291 (FY20), and 1,62,80,211 (FY19).
iv.Gross Value Added (GVA) in current prices grew by 7.3% over FY22.
v.Inputs rose by 24.4%, while output increased by 21.5% in FY23.
vi.Key growth industries included basic metals, refined petroleum, food products, chemicals, and motor vehicles, contributing 58% to total output.
vii.The top five states by GVA in FY23 were Maharashtra at 1st, followed by Gujarat, Tamil Nadu (TN), Karnataka, and Uttar Pradesh (UP) at 2nd, 3rd, 4th, and 5th respectively, accounting for 54% of total manufacturing GVA.
viii.The same states employed 55% of the manufacturing workforce in FY23 viz. TN at 1st, followed by Maharashtra, Gujarat, UP, and Karnataka.
ix.Fixed capital rose to Rs 41,21,794.58 crore in FY23 from Rs 37,26,354.44 crore in FY22, and invested capital to Rs 61,39,212.55 crore in FY23 from Rs 55,44,931.75 crore in FY22.
Key Statistics:
| Year | FY23 | FY22 |
|---|---|---|
| Fixed Capital | 41,21,79,458 | 37,26,35,444 |
| Invested Capital | 61,39,21,255 | 55,44,93,175 |
| Total Persons Engaged (No.) | 1,84,94,962 | 1,72,15,350 |
| Total Emoluments | 6,40,49,070 | 5,60,82,801 |
| GVA | 21,97,05,605 | 20,47,97,151 |
Top 5 States by GVA:
| Rank | State |
|---|---|
| 1 | Maharashtra (16.33%) |
| 2 | Gujarat (14.78%) |
| 3 | Tamil Nadu (TN) (10.33%) |
| 4 | Karnataka (7.04%) |
| 5 | Uttar Pradesh (UP) (6.09%) |
About ASI:
It aims to provide insights into the dynamics of manufacturing industries, focusing on changes in composition, growth, and structure related to output, value added, employment, and capital formation. It serves as a vital resource for National Accounts Statistics at both national and state levels.
- From 2010-11 (FY11), the survey was conducted annually under the Collection of Statistics (COS) Act, 2008, and its 2011 rules, except in Jammu & Kashmir, where it follows the J&K Collection of Statistics Act, 2010, and its 2012 rules.
About Ministry of Statistics and Programme Implementation (MoSPI):
Minister of State (Independent Charge)– Rao Inderjit Singh (Constituency- Gurugram,Haryana)
Headquarters– New Delhi, Delhi
