Why in the news?
Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Industries (ASI) FY 2023-24.
About Annual Survey of Industries (ASI)
- Conducted by: National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI).
- Mandated By: Conducted annually under the Collection of Statistics (Amendment) Act, 2017.
- Industries covered:
- Factories registered under Sections 2m (i &ii) of Factories Act,1948.
- Bidi and cigar manufacturing establishments under the Bidi & Cigar Workers (Conditions of Employment) Act, 1966.
- Electricity undertakings not registered with Central Electricity Authority (CEA).
- Units with 100 or more employees registered in the Business Register of Establishments (BRE) prepared and maintained by the State Governments.
- Industries Excluded: Defense establishments, oil storage and distribution depots, departmental units such as railway workshops, gas storage, etc.
Key Findings from the ASI 2023-24 Report
- Gross Value Added (GVA): Increased by 11.89% at current prices from the previous year.
- Top 5 Industries: Basic metal, motor vehicles, chemical and chemical products, food products, and pharmaceutical products were the largest contributors.
- Top States: Maharashtra (16%), Gujarat, Tamil Nadu, Karnataka, and Uttar Pradesh were the top five states by GVA.
- Industrial Output: Grew by 5.80% over the previous year.
- Employment Growth: The industrial sector added over 5.7 million jobs during the last decade, with a 5.92% year-on-year increase in employment for 2023–24.
- Top 5 States: Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh, and Karnataka had the highest employment share.
