Annual Survey of Industries (ASI) released by the Ministry of Statistics and Programme Implementation (MoSPI)

Posted 06 Feb 2024

Updated 22 Mar 2024

2 min read

ASI is the principal source of Industrial Statistics in India.
- It is conducted under the Collection of Statistics (COS) Act, 2008.
- It covers all factories registered under the Factories Act, 1948.
  - Also, covers unit under the Bidi and Cigar Workers (Conditions of Employment) Act 1966 etc.
  - However, defence establishments, oil storage and distribution depots, etc. are not covered under it.

Key Highlights
- In terms of Gross Value Addition, Gujarat remained at the top, followed by Maharashtra, Tamil Nadu, Karnataka and Uttar Pradesh
- The top five states in terms of employment are Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Haryana.
- Manufacturing sector showed resilience even after the disruption caused by the pandemic.
  - Main driver of resilient included Manufacture of Basic metal, Coke & Refined Petroleum Products, Pharmaceutical Products, Motor vehicles, etc.

About Manufacturing Sector
- Contributes around 17% in the Gross Domestic Product (GDP).
  - India aims to increase share to 25% by 2025.
- There is huge potential exporting manufactured goods.
- Key Deriving factors: Huge domestic demand, Foreign Direct Investment (FDI), etc.

Challenges faced by Sector: Lack of Credit Availability, Low productivity in comparison to other counties like China, Vietnam etc., Informal or unorganised sector, Lack of skilled labour, Infrastructure bottlenecks etc.

National Manufacturing Policy, 2011
Make in India initiative, 2014
PM Gati Shakti National Master Plan, 2021
Others-Production Linked Incentive scheme, Industrial Corridor Development Programme, etc.

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