Annual Survey of Industries (ASI) released by Ministry of Statistics and Programme Implementation (MoSPI) for FY 2022-23

Posted 01 Oct 2024

2 min read

ASI provides insight into dynamics of change in composition, growth and structure of manufacturing industries in terms of key economic indicators.

About GVA

It is defined as value of output minus value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry or sector.
GVA = Gross Output - Intermediate consumption.
Unlike the Net Value Added (GVA- Depreciation), it includes depreciation of capital.

Key Highlights

Manufacturing Gross Value Added (GVA): Grew by 7.3% in current prices in 2022-23 over 2021-22.
Growth in economic parameters: Surpassed pre-pandemic level in absolute value terms e.g. in invested capital, GVA, employment and wages etc.
Growth drivers of Manufacturing-Sector: Manufacture of Basic metal, Coke & Refined Petroleum Products, Food Products, etc.
Employment: 7.4% increase in manufacturing employment in 2022-23 over previous year.
- Highest Employing States: Tamil Nadu followed by Maharashtra.

About ASI

Conducted by Collection of Statistics Act, 2008 except in Jammu & Kashmir (Conducted under J&K Collection of Statistics Act, 2010).
Industries covered:
- Factories registered under Sections 2m(i &ii) of Factories Act,1948
- Bidi and cigar manufacturing establishments under the Bidi & Cigar Workers (Conditions of Employment) Act,1966
- Electricity undertakings not registered with Central Electricity Authority (CEA)
- Units with 100 or more employees registered in the Business Register of Establishments (BRE) maintained by the States.