This marks a 65.5% soar from the pre-pandemic stage of ₹14.8 lakh crore in 2019-20.
Throughout sectors, primary metals accounted for the foremost share in manufacturing GVA in 2023-24 at 11.6%, based on the Annual Survey of Industries (ASI) 2023-24. Subsequent was motor autos (9.1%), chemical merchandise (8.8%), meals merchandise (7.4%) and pharmaceutical merchandise (7.2%).
Knowledge confirmed that industrial output elevated by 5.8% to ₹153.3 lakh crore in 2023-24 from ₹144.9 lakh crore in 2022-23.
The survey discipline work was carried out by the ministry of statistics and programme implementation (MoSPI) from October 2024 to June 2025.
Invested capital-total of mounted and bodily working capital-grew by 10.8% to ₹68 lakh crore in 2023-24 from the 12 months earlier than.
Rise in employment
The variety of individuals employed in factories rose by 5.9% to 19.5 million in 2023-24 from 18.5 million within the 12 months earlier than. The full variety of individuals engaged was increased than the pre-pandemic stage of 16.6 million in 2019-20.
“The sector added greater than 57 lakh jobs over the past decade 2014-15 to 2023-24,” the statistics ministry stated in a press release.
Throughout sectors, meals merchandise employed the very best variety of folks at 2.2 million, adopted by textiles (1.7 million), primary metals (1.5 million) and motor autos (1.4 million).
5 states accounted for over half of individuals employed in 2023-24, with Tamil Nadu main at 2.9 million, adopted by Gujarat (2.6 million), Maharashtra (2.5 million), Uttar Pradesh (1.6 million) and Karnataka (1.2 million).
