India’s Industrial Growth Revealed in Latest Survey
The Ministry of Statistics and Programme Implementation (MoSPI) has unveiled the results of the Annual Survey of Industries (ASI) for the financial year 2022-23, covering the period from April 2022 to March 2023. This comprehensive survey highlights significant growth in the number of factories across various sectors, with a notable increase in employment figures. The findings were presented in a written reply by Minister Rao Inderjit Singh in the Rajya Sabha, emphasizing the ongoing industrial development in India.
Key Findings of the ASI 2022-23
The ASI 2022-23 provides a detailed analysis of the industrial landscape in India, showcasing the estimated total number of factories and the employment figures across different sectors. According to the survey, the total number of factories has risen from 224,576 in the previous year (ASI 2013-14) to 253,334 in 2022-23, marking a growth rate of 12.81%. This increase reflects the government’s efforts to boost industrial activity and create job opportunities.
The survey also includes data on the estimated number of persons engaged in various industries, categorized by the National Industrial Classification (NIC). The findings indicate a positive trend in employment, with many sectors experiencing substantial growth. For instance, the food products sector alone saw an increase from 1,902,472 workers in ASI 2021-22 to 2,116,320 in 2022-23, representing an 11.24% growth rate.
Survey Methodology and Future Projections
The ASI is conducted annually, with the reference period being the financial year preceding the survey year. The fieldwork for ASI 2023-24 commenced in September 2024, ensuring that the data remains current and relevant. The survey methodology involves comprehensive data collection from various industries, allowing for accurate assessments of growth and employment trends. As the government continues to focus on industrial development, the ASI serves as a crucial tool for policymakers and stakeholders. The insights gained from this survey will inform future strategies aimed at enhancing productivity and fostering sustainable growth in the industrial sector.
Government’s Commitment to Industrial Growth
The findings of the ASI 2022-23 underscore the Indian government’s commitment to promoting industrial growth and job creation. Minister Rao Inderjit Singh highlighted the importance of these statistics in understanding the current industrial landscape and shaping future policies. The government aims to create a conducive environment for industries to thrive, thereby contributing to the overall economic development of the country.
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