Ministry of Statistics and Programme Implementation (MoSPI) has released the results of the Annual Survey of Industries (ASI) for the reference periods April 2022 to March 2023 (i.e. financial year 2022-23) referred to as ASI 2022-23 in this press note.

The fieldwork for this survey was carried out from November 2023 to June 2024 for ASI 2022-23. A brief note about the survey ASI 2022-23 is given at the Endnote.

Annual Survey of Industries is conducted with the primary objective of providing meaningful insight into the dynamics of change in the composition, growth and structure of various manufacturing industries in terms of output, value-added, employment, capital formation and a host of other parameters. It provides valuable input to the National Accounts Statistics at the national and state level. The results are prepared at the state and major industry levels. ASI 2022-23 results along with a write-up are available on the website of the Ministry (https://www.mospi.gov.in).

Key highlights from the ASI 2022-23 results

• The results show that the Gross Value Added (GVA) grew by 7.3% in current prices in the year 2022-23 over 2021-22. The increase in input was 24.4% while output grew by 21.5% in the sector in 2022-23 over 2021-22.
• The year 2022-23 witnessed a growth in this sector for the majority of the important economic parameters like invested capital, input, output, GVA, employment and wages and even surpassed the pre-pandemic level in absolute value terms.
• The main drivers of this growth in 2022-23 were industries like Manufacture of Basic metal, Coke & Refined Petroleum Products, Food Products, Chemical and Chemical products and Motor vehicles. These industries, taken together, contributed about 58% of the total output of the sector and showed output growth of 24.5% and GVA growth of 2.6% in comparison to 2021-22.
• The estimated number of persons engaged in this sector in 2022-23 has exceeded the pre-pandemic level (that is 2018-19) by more than 22.14 lakh. At the same time, average emoluments also registered an increase over the previous year. Also, average emoluments per persons engaged in this sector had gone up by 6.3% in 2022-23 in comparison to 2021-22.

• Among the major states, in terms of GVA, Maharashtra ranked first in 2022-23 followed by Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh. The top five states, taken together contributed more than 54% of the total manufacturing GVA of the country in 2022-23.
• The top five states employing the highest number of persons in this sector were Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Karnataka in ASI 2022-23. Taken together, these states contributed about 55% of total manufacturing employment in the year 2022-23.

The value of some key parameters from ASI 2018-19 to ASI 2022-23 in current prices is given in Table 1

The value of some Structural Ratios & Technical Co-efficients from ASI 2018-19 to ASI 2022-23 in current prices is given in the table 2.

Table 2: Structural Ratios & Technical Co-efficients for last 5 years

Table 3: Top Industries

For a few important characteristics, top five industries (2-digit level of NIC) at all-India level having major percentage shares in the estimated value of overall aggregate are mentioned in the table below:

(* Estimates of Fixed Capital, Output and GVA are in  Lakh)

Table 4: Top States

Top five states in terms of their percentage shares in the value of overall aggregates for each of the characteristics as under:

(* Estimates of Fixed Capital, Output and GVA are in  Lakh)