The top five industrialised states accounted for 53% of the total manufacturing GVA of the country in FY21 and FY22, according to the Annual Survey of Industries, released by the statistics ministry on Monday. Those five states are Gujarat, Maharashtra, Tamil Nadu, Karnataka and Uttar Pradesh.
The survey revealed that the industries’ gross value added (GVA) in FY22 had grown 27% as compared to FY21, in current prices, as against 8.8% growth recorded in the preceding year. The higher growth in FY22 was on account of a low base, as FY21 witnessed lockdowns due to the pandemic outbreak.
The survey further said that FY21 recorded a marginal fall in employment in FY21 which was more than compensated in FY22 with total estimated employment in the sector showing a growth of 7.0 % on year. “In fact, the estimated number of persons engaged in this sector in FY22 has exceeded the pre-pandemic level (that is FY19) by more than 9,35,000, the survey said.
“At the same time, average emoluments also registered an increase with the average salary earned per employee in this sector having gone up by 1.7% in FY21 and by 8.3% in FY22 in comparison to respective previous years,
Further, manufacture of basic metal, coke & refined petroleum products, pharmaceuticals, motor vehicles, food Products and chemical products, were the major driver of industries’ GVA in FY22. These industries, taken together, contributed about 56% of the total GVA of the sector and showed a GVA growth of 34.4% and output growth of 37.5% in comparison to FY21.