Context:
The Ministry of Statistics and Programme Implementation (MoSPI) recently released the Annual Survey of Industries (ASI) for 2022-23.
Relevance:
GS III: Indian Economy
Dimensions of the Article:
- What is the Annual Survey of Industries (ASI)?
- Highlights of the Annual Survey of Industries (ASI) for 2022-23
What is the Annual Survey of Industries (ASI)?
- ASI Overview:
- The Annual Survey of Industries (ASI) serves as the primary source for industrial statistics and data related to organized manufacturing in India.
- The survey is conducted by the National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
- It has been conducted since 1959 under the Collection of Statistics Act 1953 and is now carried out under the Collection of Statistics Act 2008, with amendments in 2017.
Objectives:
- The ASI aims to gather comprehensive data that supports:
- Estimating the contribution of the registered manufacturing sector to the Gross Domestic Product (GDP).
- Studying the structure of various industries, categorized by type.
- Analyzing factors that influence industries, supporting the creation of effective industrial policies.
Coverage of the Survey:
- Factories registered under the Factories Act 1948. It includes:
- Factories employing 10 or more workers using power.
- Factories employing 20 or more workers without using power.
- In states like Maharashtra, Rajasthan, and Goa, the survey targets factories employing 20 or more workers using power, and 40 or more workers without power.
- Bidi and cigar manufacturing establishments under the Bidi and Cigar Workers (Conditions of Employment) Act 1966.
- Electricity undertakings involved in generation, transmission, and distribution of electricity but not registered with the Central Electricity Authority (CEA).
Significance:
- The ASI provides crucial data to policymakers and planners to objectively evaluate the industrial scenario of the Indian economy, aiding in informed decision-making.
Highlights of the Annual Survey of Industries (ASI) for 2022-23:
- Main Drivers of Manufacturing Growth:
- Key industries included basic metal, coke & refined petroleum products, food products, chemical products, and motor vehicles.
- These sectors contributed 58% of total output and recorded a 24.5% output growth and 2.6% growth in gross value added (GVA) compared to 2021-22.
- Growth in Number of Factories:
- The total number of factories increased from 2.49 lakh in 2021-22 to 2.53 lakh in 2022-23.
- Gross Fixed Capital Formation (GFCF):
- GFCF, representing capital investment, surged by 77%, rising from Rs 3.3 lakh crore in 2021-22 to Rs 5.85 lakh crore in 2022-23.
- Employment Growth:
- Total Employees: The number of employees in the manufacturing sector rose by 7.5%, from 1.72 crore in 2021-22 to 1.84 crore in 2022-23, marking the highest increase in 12 years.
- Employment by Sector: The most employment was recorded in food products, followed by textiles, basic metals, wearing apparel, and motor vehicles.
- Average Emoluments:
- Average emoluments per person rose by 6.3% in 2022-23, compared to the previous year.
- State Performance:
- In terms of GVA, Maharashtra led the rankings, followed by Gujarat, Tamil Nadu, Karnataka, and Uttar Pradesh. These five states contributed over 54% of the total manufacturing GVA in 2022-23.
- In terms of employment, the top five states (Tamil Nadu, Maharashtra, Gujarat, UP, and Karnataka) contributed 55% of the total manufacturing employment.
- Key Takeaways:
- The ASI suggests that the impact of the Covid pandemic on manufacturing industries has been “wiped out”.
- The estimated employment in manufacturing in 2022-23 exceeded pre-pandemic levels (2018-19) by over 22.14 lakh.
- Sectors with the Production Linked Incentive (PLI) scheme experienced better growth.
-Source: Indian Express
