The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Industries (ASI) for the reference periods April 2023 to March 2024 (i.e. financial year 2023-24).

Key Highlights of the report

Growth

• Gross Value Added (GVA): it grew by 11.89% in current prices in the year 2023-24 over previous year.
• Industrial Output: grew by more than 5.80% in 2023-24 over the previous year.

Employment

• Total estimated employment in the sector showed a robust growth of 5.92% in 2023-24 over the previous year
• 57 lakh jobs added during 2014–15 to 2023–24 (last decade).

Sectoral Highlights

• Top 5 industries by GVA: Basic metals, Motor vehicles, Chemicals, Food products, Pharmaceuticals.
• Top 5 States by employment: Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh, Karnataka.

About ASI

• Annual Survey of Industries (ASI) is the primary source of industrial statistics in India.
• Legal Basis: Conducted under the Collection of Statistics (Amendment) Act, 2017.
• Released by: MoSPI (NSSO’s Industrial Statistics Wing).
• Objective: Provides data on output, value added, employment, capital formation, structural changes in industries.

Coverage

• Included:
  • Factories under Factories Act, 1948 (Sec. 2m(i), 2m(ii)).
  • Bidi & cigar manufacturing establishments (Bidi & Cigar Workers Act, 1966).
  • Electricity undertakings (not registered with CEA).
  • Units with ≥100 workers (from BRE of States).
• Excluded:
  • Defence establishments, oil storage & distribution depots.
  • Departmental units (railway workshops, etc.).
  • Gas storage units.

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