Employment in Indian industries rose by 5.92 per cent in 2023-24, reaching 1.95 crore compared with 1.84 crore in the previous financial year, according to the latest Annual Survey of Industries (ASI) released on Wednesday by the Ministry of Statistics and Programme Implementation (MoSPI).
The ASI 2023-24, covering the period from April 2023 to March 2024, underscores a robust expansion in industrial capacity and productivity. The survey’s fieldwork was conducted between October 2024 and June 2025.
The findings reveal a sharp increase in capital investment, which climbed by 10.4 per cent to ₹68,01,329 crore in 2023-24 from ₹61,39,212 crore the year before. Gross Value Added (GVA), a key measure of production that reflects the additional value created by industry, surged by 11.9 per cent to ₹24,58,336 crore, compared with ₹21,97,056 crore in 2022-23.
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Industries collectively generated over 57 lakh jobs in the last decade, spanning 2014-15 to 2023-24. Among the leading contributors to GVA were basic metals, motor vehicles, chemical and chemical products, food products and pharmaceuticals.
Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka emerged as the top five states in terms of employment generation.
The ASI provides critical insight into the evolving structure, growth and performance of India’s manufacturing industries, including factories, bidi and cigar units, electricity utilities and establishments employing 100 or more workers. It remains a vital input for National Accounts Statistics at both national and state levels.
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