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Results Of The Annual Survey Of Industries

Results Of The Annual Survey Of Industries:

The Ministry of Statistics and Programme Implementation (MoSPI) released the results of the Annual Survey of Industries (ASI) for the reference periods of 2020-21 and 2021-22 referred to as ASI 2020-21 and ASI 2021-22.

Highlights :

  • Growth in Gross Value Added grew by 8.8% in the year 2020-21 over 2019-20, primarily due to a sharp fall in input (4.1%) that offset an output contraction (1.9%) during the pandemic.
  • In 2021-22, GVA surged significantly by 26.6% over the previous year, riding on high growth in industrial output, which expanded by more than 35% in value terms.
  • The year 2021-22 witnessed a sharp rise in level as well as in the growth of the majority of the important economic parameters like invested capital, input, output, GVA, net income and net profit registered by the sector and even surpassed the pre-pandemic level in absolute value terms.
  • Industries such as Manufacture of Basic Metal, Coke & Refined Petroleum Products, Pharmaceutical Products, Motor vehicles, Food Products, and Chemical and Chemical products emerged as major drivers of growth.
  • Together, these industries contributed about 56% of the total GVA of the sector, with a GVA growth of 34.4% and output growth of 37.5% compared to 2020-21.
  • Gujarat remained at the top in terms of GVA in 2020-21 and second in 2021-22, while Maharashtra ranked first in 2021-22 and second in 2020-21.
  • Tamil Nadu, Karnataka, and Uttar Pradesh consistently maintained their positions among the top five states contributing to manufacturing GVA.
  • Despite a marginal fall in employment in 2020-21 due to the pandemic, 2021-22 saw robust growth of 7.0% year-on-year in total estimated employment in the sector.
  • The estimated number of persons engaged in the sector in 2021-22 exceeded pre-pandemic levels by more than 9.35 lakh, with the average salary per employee registering an increase of 1.7% in 2020-21 and by 8.3% in 2021-22 in comparison to respective previous years.
  • Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh, and Haryana emerged as the top five states employing the highest number of persons in the manufacturing sector in both 2020-21 and 2021-22.
  • Together, these states contributed about 54% of total manufacturing employment in both years.