Published on 23 Mar 2025
• Recently, the NITI Aayog CEO B.V.R. Subrahmanyam released the Annual Survey of Industries which shows growth in the manufacturing sector.
• It is prepared by the Ministry of Statistics and Programme Implementation (MoSPI) for the financial year 2022-23.
The Findings:
The report said the Gross Value Added (GVA) grew by 7.3% in current prices in the year 2022-23 over 2021-22.
According to the survey, the main drivers of this growth in 2022-23 were industries like manufacture of basic metal, coke & refined petroleum products, food products, chemical and chemical products and motor vehicles.
Among the major States, in terms of GVA, Maharashtra ranked first followed by Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh.
Taken together, these States contributed about 55% of total manufacturing employment in the year 2022-23.
Annual Survey of Industries
Industries
Indian industries
industrial policy