The gross value added (GVA) of India’s manufacturing corporate sector grew 9.28% in 2024-25, while the number of factories in operation and total employment increased by 3.45% and 7.57%, respectively, according to the latest Annual Survey of Industries (ASI) released by the ministry of statistics and programme implementation on Wednesday.
The ministry released Volume I and the Summary Results of Factory Sector of ASI 2024-25, along with unit-level data and metadata, providing a detailed picture of the performance, investment patterns, employment and output of India’s registered manufacturing sector. Units with investment of ₹ 10 crore or more in plant and machinery constituted 15.84% of operational factories but accounted for 87.42% of total fixed capital, 59.66% of employment, 76.82% of gross output and 78.07% of net value added. In contrast, factories with investment of up to ₹ 5 crore represented 78.69% of operational units. However, their contribution to fixed capital was 10.55%, while they accounted for 34.32% of persons engaged, 19.24% of total output and 17.61% of net value added. Units producing more than ₹ 10 crore worth of output accounted for 47.63% of operational factories but contributed 98.10% of total output and 97.87% of net value added. They also accounted for 95.55% of fixed capital and 88.78% of employment.
The survey highlighted a significant concentration of capital and production among larger factories. A similar concentration was evident when factories were classified by output. The ASI is the principal source of industrial statistics on the organised manufacturing sector and provides information on capital formation, employment, wages, input costs, output and value addition. Its findings are also used in compiling national and state-level national accounts statistics.
