Annual Survey of Industries (ASI): Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell

What is the News?

Ministry of Statistics and Programme Implementation has released the provisional results of the Annual Survey of Industries (ASI).

What is the Annual Survey of Industries (ASI)?

It is the principal source of industrial statistics in India and the most comprehensive data on organised manufacturing.

It covers all factories employing 10 or more workers using power and those employing 20 or more workers without using power.

What are the highlights of the survey?

Factories increased: Factories in the country increased by 1.7% year-on-year to 2.46 lakh in 2019-20, employing a total of 1.3 crore workers.

Increase in Gross fixed capital formation: GFCF, an indicator of investment, grew 20.5% in the organised manufacturing sector in 2019-20 as against a growth of 10.2% in the previous fiscal.

Employment in the various sectors:

Corporate Sector: Employment in the corporate sector which include public and private government and non-government companies has increased.

In Partnership: Employment in the partnership sector fell down, but employment in limited liability partnerships has increased.

Employment of Workers: Tamil Nadu showed the highest number of employment of workers in 2019-20. This is followed by Maharashtra and Gujarat.

Total Wages Paid: The wages paid to workers grew 6.3% in 2019-20 as against a wage growth of 11.9% in the previous fiscal. Wages to factory workers in the corporate sector also has increased.

Source: The post is based on the article “Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell” published in Indian Express on 27th May 2022.