MoSPI Releases Annual Survey of Industries (ASI) 2023-24: Tamil Nadu Tops in Factories and Employment, Maharashtra Leads in GVA.
National
The Ministry of Statistics and Programme Implementation (MoSPI) released the Annual Survey of Industries (ASI) results for the period April 2023 to March 2024, referred to as ASI 2023-24. The survey highlights India’s industrial performance with Tamil Nadu emerging as the top state in terms of factories and employment.
- The fieldwork for the ASI 2023-24 was conducted between October 2024 and June 2025, covering a wide span of manufacturing units across the country.
- The survey provides insights on employment, capital investment, gross value addition, and industrial outputs, making it a crucial reference for industrial policy.
- Tamil Nadu was identified as the leading state both in terms of the number of factories and total persons employed in the manufacturing sector. Out of 2.60 lakh factories across India, Tamil Nadu accounted for 15.43% of the share, followed by Gujarat, Maharashtra, Uttar Pradesh, and Andhra Pradesh.
Main Point :- (i) The fixed capital in industries registered substantial growth, rising from ₹41,21,79,458 crore in FY23 to ₹46,24,09,035 crore in FY24. The invested capital also increased significantly, reaching ₹68,01,32,999 crore compared to ₹61,39,21,255 crore in the previous year, reflecting robust industrial expansion.
(ii) Employment levels recorded a strong rise, with total employment growing from 1,84,94,962 persons in FY23 to 1,95,89,131 persons in FY24. The ASI further reported that more than 57 lakh jobs have been added in the sector between 2014-15 and 2023-24, underlining manufacturing as a key employment driver.
(iii) In terms of Gross Value Added (GVA), the sector posted an 11.89% growth in FY24 over FY23. Maharashtra led in GVA contribution, followed by Gujarat and Tamil Nadu. Key industries driving growth were Basic Metals, Motor Vehicles, Chemical and Pharmaceutical Products, and Food Products, with Gujarat topping in output value and fixed capital, while Tamil Nadu dominated workforce and factory numbers.
About MoSPI
Minister : Rao Inderjit Singh
Headquarters: New Delhi
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