India’s manufacturing sector experienced growth in 2022-23, according to the Annual Survey of Industries released by the Ministry of Statistics and Programme Implementation. The report highlights a 7.3% rise in Gross Value Added (GVA) in the industrial sector compared to the previous year, driven by key industries including basic metals, refined petroleum, food products, chemicals, and motor vehicles.
The survey, covering small and medium enterprises, reported a 24.4% increase in input and a 21.5% rise in output in 2022-23 over 2021-22. These industries together contributed to approximately 58% of the sector’s total output and registered a combined GVA growth of 2.6% compared to the previous year.
Employment in the sector saw a net gain of 22 lakh jobs in 2022-23, surpassing pre-pandemic levels from 2018-19. Average wages also grew by 6.3% during the same period. Among states, Maharashtra led in GVA contribution, followed by Gujarat, Tamil Nadu, Karnataka, and Uttar Pradesh, which collectively accounted for more than 54% of the total manufacturing GVA.
The survey noted that Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, and Karnataka were the top five states in terms of employment, representing about 55% of total manufacturing jobs in 2022-23. Despite growth, some concerns regarding stagnation in certain labor segments, such as contract labor, were raised.
The release of this report offers a detailed analysis of India’s manufacturing sector, indicating growth in several important economic parameters while addressing ongoing challenges.