India’s factory output rises 7.81% as manufacturing jobs and wages grow

Official figures for 2024–25 show registered manufacturing employment rose 7.19% to about 21 million, while workforce payments climbed 12.08%.

India’s registered manufacturing sector recorded higher output, employment and wages in 2024–25, according to results released by the Ministry of Statistics and Programme Implementation. The government’s figures show industrial output rose 7.81 per cent from the previous year, while gross value added (GVA), the value created after deducting the cost of inputs, grew 9.59 per cent. Fixed capital increased 10.54 per cent. (pib.gov.in)

The ministry counted 266,931 factories in the survey, including 218,543 in operation. The number of people engaged in registered manufacturing reached about 21 million, up 7.19 per cent, while total workforce payments rose 12.08 per cent. These official figures differ from some of the growth rates and industry rankings in the supplied account; the ministry’s release reports the results of the Annual Survey of Industries for the year ended March 2025. (pib.gov.in)

Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh together generated more than 54 per cent of manufacturing GVA, the ministry said. The leading states for employment were different: Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Haryana accounted for about 56 per cent of the total. The ministry also identified basic metals, motor vehicles, chemicals, pharmaceuticals and food products as the five industries contributing more than 45 per cent of manufacturing GVA. (pib.gov.in)

The Annual Survey of Industries tracks registered establishments and measures activity including capital, output, value added, employment and wages. Its results support national and state economic accounts and inform policymaking. The ministry cautions that the published estimates are based on a sample survey, although it says key measures of reliability are within acceptable limits. (pib.gov.in)

Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.