India’s manufacturing corporate sector GVA rose 9.28 per cent in 2024-25, with factories up 3.45 per cent, the ASI shows
The gross value added (GVA) of India’s manufacturing corporate sector grew 9.28 per cent in 2024-25, while the number of factories in operation and total employment increased by 3.45 per cent and 7.57 per cent respectively, according to the latest Annual Survey of Industries (ASI) released by the Ministry of Statistics and Programme Implementation on Wednesday. The sector accounted for more than 89 per cent of total GVA during the year.
The survey recorded a 7.25 per cent increase in the gross value of plant and machinery in the registered manufacturing sector. Net value added per factory in operation rose 6.59 per cent, while GVA per person engaged increased by 2.25 per cent. Food products, textiles, basic metals, motor vehicles and wearing apparel together accounted for more than 41 per cent of manufacturing employment.
Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh were the five largest contributors to manufacturing GVA, collectively accounting for more than 54 per cent of the national total. Units with investment of ₹10 crore or more in plant and machinery made up 15.84 per cent of operational factories but accounted for 87.42 per cent of total fixed capital and 59.66 per cent of employment.
Source: Hindustan Times
