ASI 2024-25 Reports 9.28 Per Cent Manufacturing GVA Growth

The Ministry of Statistics and Programme Implementation has put out the detailed publications of the Annual Survey of Industries (ASI) 2024-25, namely Volume I and the Summary Results of the Factory Sector, along with unit-level data and metadata. The survey covers the financial year 2024-25, that is April 2024 to March 2025, and the field work ran from October 2025 to June 2026. A factsheet from the same round had been issued on 30 September 2026, and the two detailed volumes now complete the release.

How registered manufacturing fared

The registered manufacturing sector grew across the main economic measures. The gross value of plant and machinery rose by 7.25 per cent over the previous year. The manufacturing corporate sector, which accounts for more than 89 per cent of total gross value added, reported a 9.28 per cent rise in GVA, a 3.45 per cent increase in the number of factories in operation and a 7.57 per cent increase in total persons engaged. Net value added per factory in operation improved by 6.59 per cent, while GVA per person engaged went up by 2.25 per cent.

Who makes and who employs

Five industries together carry more than 41 per cent of the country's manufacturing employment: food products, textiles, basic metals, motor vehicles and wearing apparel. On output, Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh are the five leading states, holding more than 54 per cent of India's manufacturing GVA in 2024-25.

Small plants, large plants

Classified by the gross value of plant and machinery, factories with investment of up to five crore rupees form 78.69 per cent of all units that operated during the year, but hold only 10.55 per cent of fixed capital. They employ 34.32 per cent of persons engaged and contribute 19.24 per cent of output and 17.61 per cent of net value added. At the other end, units with plant and machinery of ten crore rupees and above are 15.84 per cent of operating factories yet hold 87.42 per cent of fixed capital, 59.66 per cent of employment, 76.82 per cent of gross output and 78.07 per cent of net value added.

About the survey

The ASI covers factories registered under sections 2m(i) and 2m(ii) of the Factories Act, 1948, bidi and cigar establishments under the Act of 1966, electricity undertakings outside the Central Electricity Authority's register, and units with 100 or more employees listed in the Business Register of Establishments. Results are published by industry code under the National Industrial Classification, 2008, and data are collected on a web portal under the Collection of Statistics Act, 2008.