India, Sept. 30 -- The Government of India has issued a release:
Snapshot:
State
GVA
Establishments
ASI 2023-24
ASI 2024-25
ASI 2023-24
ASI 2024-25
Maharashtra
15.95
15.92
10.20
10.26
Gujarat
14.20
14.10
12.81
12.39
Tamil Nadu
10.26
10.90
15.43
15.44
Karnataka
7.47
7.31
5.76
5.86
Uttar Pradesh
6.80
6.64
8.51
9.35
State
ASI 2023-24
ASI 2024-25
ASI 2023-24
ASI 2024-25
Tamil Nadu
15.24
14.99
13.16
13.02
Maharashtra
12.95
13.08
17.48
17.64
Gujarat
13.07
12.99
13.13
12.99
Uttar Pradesh
8.30
8.72
7.61
7.82
Haryana
6.08
6.44
6.74
6.82
Year
2020-21
2021-22
2022-23
2023-24
2024-25
Characteristics
Factories
250,454
249,987
253,334
260,061
266,931
Factories in operation
200,395
200,576
206,523
212,990
218,543
Fixed Capital
369,438,562
372,635,444
412,179,458
462,409,035
511,166,407
Invested Capital
519,114,310
554,493,175
613,921,255
680,132,999
755,643,072
Workers
12,594,563
13,609,931
14,616,971
15,519,957
16,653,810
Total Persons Engaged
16,089,700
17,215,350
18,494,962
19,589,131
20,996,913
Wages to Worker
22,261,548
26,455,930
29,990,380
33,598,653
37,976,781
Total Emoluments
48,389,031
56,082,801
64,049,070
71,646,903
80,302,971
Input
719,206,541
987,917,996
1,228,954,623
1,286,883,003
1,382,964,338
Output
880,921,387
1,192,715,147
1,448,660,228
1,532,716,609
1,652,384,144
GVA
161,714,846
204,797,151
219,705,605
245,833,605
269,419,806
Depreciation
28,135,986
29,964,685
31,664,493
35,519,270
39,425,596
NVA
133,578,860
174,832,466
188,041,113
210,314,335
229,994,210
Net Income
115,747,714
157,994,016
169,282,621
187,387,599
205,524,799
Net Profit
61,405,752
95,071,368
97,634,628
107,285,987
115,583,603
Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Industries (ASI) for the reference period April 2024 to March 2025 (i.e. financial year 2024-25) through the factsheet. In this press note, this survey has been referred to as ASI 2024-25. The field work for this survey was carried out during October 2025 to June 2026 for ASI 2024-25. A brief note about the survey ASI 2024-25 is given at the Endnote.
Annual Survey of Industries is conducted with the primary objective to provide a 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. The survey data serves as an important input for policymaking, supporting compilation of National Accounts Statistics, and meets the information needs of various Ministries while enabling stakeholders to make informed decisions. The results are prepared at State and major industry level. The report is available in the website of the Ministry (https://www.mospi.gov.in).
Key highlights from ASI 2024-25 results
The registered manufacturing sector recorded broad-based growth during FY2024-25, with most of the major economic indicators-such as invested capital, input, output, Gross Value Added, employment and wages-witnessed an increase over the previous year.
Growth in Establishment, Gross Value Added and Employment Metrics:
The total number of establishments in this sector increased from 2.60 lakhs in ASI 2023-24 to 2.67 lakhs in ASI 2024-25, representing a growth of 2.64%. The highest number of establishments reported in Tamil Nadu (41,221), followed by Gujarat (33,084) and Maharashtra (27,379).
Chart-1: Bar chart showing the Number of factories by major States in ASI 2024-25: All India
During the same period, GVA increased from Rs.2458.3 thousand crore to Rs.2694.2 thousand crore, indicating sustained growth (9.59%) in industrial value addition. In terms of individual share of States in all India GVA, Maharashtra recorded the highest GVA in 2024-25, followed by Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh. Collectively, these five States accounted for more than 54 % of the total manufacturing GVA of the country. These five States accounted for 53.30 % of total establishments at all India level.
Table 1: Top five States with respect to GVA in ASI 2024-25: Share (in %) of GVA and Establishments
Employment in the registered manufacturing sector continued to expand. The estimated number of persons engaged in registered a significant increase from 1.96 crore in ASI 2023-24 to 2.10 crore in 2024-25 with a growth of 7.19%. Total emoluments paid to the workforce also increased by 12.08 % in 2024-25 as compared to 2023-24. Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Haryana were the five leading States in terms of the number of persons engaged in the manufacturing sector in 2024-25. Together, these States accounted for about 56 per cent of total manufacturing employment during the year.
Chart-2: Total Number of Persons Engaged (in thousand) by major industry division in ASI 2024-25 :All India
Table 2: Top five States with respect to Total Persons Engaged in ASI 2024-25: Share (in %) of Total Persons Engaged and Emoluments
Chart-3: Pie chart showing distribution of Total Persons Engaged by organization type in 2024-25: All -India
Table 3: Value of a few key parameters from ASI 2020-21 to 2024-25 in current prices (Value figures in Rs. Lakh)
Endnote:
A brief note about the Annual Survey of Industries (ASI) 2024-25
The Annual Survey of Industries broadly covers the following
The ASI frame is based on the lists of registered factory / units maintained by the Chief Inspector of Factories (CIF) in each State and those maintained by registration authorities in respect of Bidi and Cigar establishments and electricity undertakings. The frame is being revised and updated periodically by the Regional Offices of the Field Operations Division of NSO in consultation with the Chief Inspector of Factories in the State. At the time of revision, the names of the de-registered factories are removed from the ASI frame and those of the newly registered factories are added. For the units selected in the last survey year (in this case 2023-24), relevant fields like Status Code, Frame industry (NIC 4 digit), Employee (Total persons engaged), Address etc. of frame for a given year, say, ASI 2024-25 are auto-updated dynamically based on the information collected during the last survey year.
The primary unit of enumeration in the survey is a factory in the case of manufacturing industries, a workshop in the case of repair services, an undertaking or a licensee in the case of electricity, gas & water supply undertakings and an establishment in the case of bidi & cigar industries. The owner of two or more establishments located in the same State and pertaining to the same industry group and belonging to census scheme is, however, permitted to furnish a single consolidated return. Such consolidated returns are common feature in the case of bidi and cigar establishments, electricity and certain public sector undertakings.
Data for ASI are collected from the selected factories under the Collection of Statistics Act 2008 as amended in 2017 and Rules framed there under in 2011. The entire survey is conducted through a dedicated web-portal without any paper schedule. For data collection in ASI, an establishment (and not enterprise) approach is followed wherein data are collected from the selected establishments.
Various quality checks are carried out on the data collected through this survey which is primarily record- based. Relative Standard Errors (RSE) (which is a widely accepted statistical measure of reliability of an estimate) for important parameters estimated from the survey at an overall level are small and well within the acceptable range. However, since the data presented in this result are estimated from sample survey, necessary caution may be taken while using this data.
The Factsheet for ASI 2024-25 is available on the website of the ministry (https://www.mospi.gov.in). Scan the below QR code to access the Publications/Reports
Please See PDF
Disclaimer: Curated by HT Syndication.
