- ASI is the principal source of Industrial Statistics in India.
- It is conducted under the Collection of Statistics (COS) Act, 2008.
- It covers all factories registered under the Factories Act, 1948.
- Also, covers unit under the Bidi and Cigar Workers (Conditions of Employment) Act 1966 etc.
- However, defence establishments, oil storage and distribution depots, etc. are not covered under it.
- Key Highlights
- In terms of Gross Value Addition, Gujarat remained at the top, followed by Maharashtra, Tamil Nadu, Karnataka and Uttar Pradesh
- The top five states in terms of employment are Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Haryana.
- Manufacturing sector showed resilience even after the disruption caused by the pandemic.
- Main driver of resilient included Manufacture of Basic metal, Coke & Refined Petroleum Products, Pharmaceutical Products, Motor vehicles, etc.
- About Manufacturing Sector
- Contributes around 17% in the Gross Domestic Product (GDP).
- India aims to increase share to 25% by 2025.
- There is huge potential exporting manufactured goods.
- Key Deriving factors: Huge domestic demand, Foreign Direct Investment (FDI), etc.
- Contributes around 17% in the Gross Domestic Product (GDP).
- Challenges faced by Sector: Lack of Credit Availability, Low productivity in comparison to other counties like China, Vietnam etc., Informal or unorganised sector, Lack of skilled labour, Infrastructure bottlenecks etc.
Government Initiatives
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