ASI provides insight into dynamics of change in composition, growth and structure of manufacturing industries in terms of key economic indicators.
About GVA
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Key Highlights
- Manufacturing Gross Value Added (GVA): Grew by 7.3% in current prices in 2022-23 over 2021-22.
- Growth in economic parameters: Surpassed pre-pandemic level in absolute value terms e.g. in invested capital, GVA, employment and wages etc.
- Growth drivers of Manufacturing-Sector: Manufacture of Basic metal, Coke & Refined Petroleum Products, Food Products, etc.
- Employment: 7.4% increase in manufacturing employment in 2022-23 over previous year.
- Highest Employing States: Tamil Nadu followed by Maharashtra.
About ASI
- Conducted by Collection of Statistics Act, 2008 except in Jammu & Kashmir (Conducted under J&K Collection of Statistics Act, 2010).
- 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) maintained by the States.