FILE PHOTO: An employee prepares to move a heavy bar of steel inside the ArcVac ForgeCast factory, in Hooghly district, in the eastern state of West Bengal, India, April 26, 2024.
Credit: Reuters Photo
New Delhi: Employment in the manufacturing sector increased by 7.4% in 2022-23 over the previous year led by robust expansion in the sector in Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh, the Annual Survey of Industries released on Monday showed.
Manufacturing sector’s gross value added (GVA) increased by 7.3% at current prices during the year under review. The top five states -Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh – 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. Taken together, these states contributed about 55% of total manufacturing employment in the year 2022-23.
Total number of persons engaged in the manufacturing sector increased to 1.85 crore in 2022-23 from 1.72 crore in the previous year. In the pre-Covid year 2018-19 it stood at 1.63 crore.
“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 Ministry of Statistics & Programme Implementation said in a statement.
The estimated number of persons engaged in the manufacturing sector in 2022-23 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 previous year. The average emoluments per person engaged in the sector increased by 6.3% in 2022-23 in comparison to 2021-22.
Manufacture of basic metal, coke & refined petroleum products, food products, chemical and chemical products and motor vehicles led the sectoral growth. 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.