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India’s formal manufacturing sector expands in 2024-25 as GVA rises 9.6%

ET Bureau reported that India’s Annual Survey of Industries, released by the statistics ministry, showed gains in manufacturing GVA, output, employment, invested capital, establishments and wages in 2024-25.

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1 Source, 13h ago, first seen 13h ago

TLDR

India’s formal manufacturing sector expanded across output, value added, employment, capital and wages in 2024-25, according to Annual Survey of Industries figures released by the statistics ministry and reported by ET Bureau. The report said GVA rose 9.6% to ₹26.9 lakh crore, output increased 7.8% to ₹165.2 lakh crore, and the sector added 1.4 million workers, taking factory employment to about 21 million.

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1 Source, first seen 13h ago

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India’s formal manufacturing sector expanded across gross value added, output, employment, capital and wages in 2024-25, according to Annual Survey of Industries figures released by India’s statistics ministry and reported by ET Bureau.

ET Bureau reported that gross value added rose 9.6% to ₹26.9 lakh crore from ₹24.6 lakh crore a year earlier, while industrial output increased 7.8% to ₹165.2 lakh crore, citing the ASI release from the statistics ministry.

The same report said the sector added 1.4 million workers in 2024-25, taking the total factory workforce to about 21 million.

Capital, establishments and pay also increased

ET Bureau also reported that invested capital grew 11.1% to ₹75.6 lakh crore in 2024-25, the number of establishments increased 2.6% to 0.27 million, and total emoluments rose 12.1% to ₹8 lakh crore.

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Useful Links

pib.gov.in

Release of the Annual Survey of Industries (2024-25) results

Related Videos

  • Annual Survey of Industries (ASI) 2024-25Ministry of Statistics & Programme Implementation · YouTube

Useful links

pib.gov.in

Release of the Annual Survey of Industries (2024-25) results

Ministry of Statistics & Programme Implementation · YouTube

Annual Survey of Industries (ASI) 2024-25

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Useful Links

pib.gov.in

Release of the Annual Survey of Industries (2024-25) results

Related Videos

  • Annual Survey of Industries (ASI) 2024-25Ministry of Statistics & Programme Implementation · YouTube

2 Sources

Economic TimesOutput, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers
@EconomicTimesOutput, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers https://economictimes.indiatimes.com/news/economy/indicators/output-wages-gva-manufacturing-sector-is-on-a-roll-gva-grows-9-6-to-rs-26-9-lakh-crore-sector-adds-1-4-mn-workers/articleshow/134601239.cms13h
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    2 Sources

    Economic TimesOutput, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers
    @EconomicTimesOutput, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers https://economictimes.indiatimes.com/news/economy/indicators/output-wages-gva-manufacturing-sector-is-on-a-roll-gva-grows-9-6-to-rs-26-9-lakh-crore-sector-adds-1-4-mn-workers/articleshow/134601239.cms13h
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