Facts for Prelims (FFP)
Source: PIB
Context: The Annual Survey of Industries (ASI) for the years 2020-21 and 2021-22 revealed significant growth across various parameters in the manufacturing sector.
Key Findings:
- Gross Value Added (GVA) increased by 8.8% in 2020-21 and by a remarkable 26.6% in 2021-22 compared to the respective previous years.
- Industrial output witnessed a growth of more than 35% in 2021-22 over the previous year.
- Total employment in the sector showed a robust growth of 7.0% in 2021-22 over the previous year, exceeding pre-pandemic levels by over 9.35 lakh.
- Among the major states, Gujarat remained at the top in 2020-21, while Maharashtra ranked first in 2021-22.
- Tamil Nadu, Karnataka, and Uttar Pradesh were among the top five states contributing significantly to manufacturing GVA and employment in both years.
The Annual Survey of Industries (ASI) is a statutory survey that has been conducted in India since 1959.
It is the primary source of industrial statistics in the country.
The ASI is used to assess changes in the structure and growth of registered manufacturing units.
It also helps to build a database on labour cost, earnings, employment, labour turnover, and absenteeism in manufacturing industries.
