Annual Survey of Industries (ASI) for 2023-24:
The Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Industries (ASI) for 2023-24.
Key Highlights of the Annual Survey of Industries (ASI) for 2023-24:
- Gross Value Added (GVA): Grew by 11.89%, higher than both output (5.80%) and input (4.71%), showing better efficiency and higher value generation.
- Top Industries in Terms of GVA: Growth was led by basic metals, motor vehicles, chemicals, food products, and pharmaceuticals, industries that are both export-oriented and labor-intensive.
- Together, these sectors contributed nearly 48% of total industrial output.
- Top 5 states by GVA: Maharashtra (16%), Gujarat (14%), Tamil Nadu (10%), Karnataka (7%), and Uttar Pradesh (7%).
- Employment grew 5.92% year-on-year, showing that industrial growth translated into jobs. This sector added more than half a crore (57 lakh) jobs during the last decade 2014-15 to 2023-24.
- Average emoluments rose by 5.6%, keeping pace with output growth, though wage gains still lagged behind overall GVA growth.
- Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka are the top 5 States in respect of employment.
Annual Survey of Industries (ASI):
- The National Statistical Office (NSO) under MoSPI conducts the ASI, with MoSPI ensuring its coverage and data quality.
- The ASI covers factories registered under the Factories Act, 1948, bidi and cigar units under the Bidi & Cigar Workers Act, 1966, electricity undertakings not registered with the Central Electricity Authority (CEA), and large establishments with 100 or more employees listed in the Business Register of Establishments (BRE) maintained by state governments.
