The Annual Survey of Industries (ASI) reports a 7.5% rise in manufacturing employment in FY23.

Economy Business

The Annual Survey of Industries (ASI) reported a 7.5% increase in manufacturing employment in the financial year 2022-2023 (FY23), reaching 1.85 crore, up from 1.72 crore in FY22.


      * The survey's fieldwork spanned November 2023 to June 2024, or covering FY 2022-2023.

      * Employment in manufacturing surpassed pre-pandemic levels (2018-19) by 22.14 lakh.

     

Main Points:-   (i) Average emoluments per person rose by 6.3% compared to FY22.

      (ii) Gross Value Added (GVA) in current prices increased by 7.3% over FY22.


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