Source-This post on Annual Survey of Industries (ASI) has been created based on the article “Manufacturing sector saw employment, profits improve despite pandemic blows: Survey” published in “The Indian Express” on 6 February 2024.
Why in the news?
MoSPI has recently released the results of Annual Survey of Industries (ASI) for the reference periods April 2020 to March 2021.
About Annual Survey of Industries (ASI)
Introduction-It is the primary source of industrial statistics in the country.
Statutory provision-From ASI 2010-11 onwards, the survey is being conducted annually under the statutory provisions of the Collection of Statistics (COS) Act, 2008.
Conducted by– Central Statistics Office (CSO) Industrial Statistics (IS) wing under Ministry of Statistics and Programme Implementation.
Scope and coverage
1) The ASI extends to the entire country.
2) It covers all factories registered under Sections 2(m)(i) and 2(m)(ii) of the Factories Act, 1948.
3) The survey also covers Bidi and cigar manufacturing establishments registered under the Bidi and Cigar Workers (Conditions of Employment) Act 1966.
4) All electricity undertakings engaged in generation, transmission and distribution of electricity, not registered with the Central Electricity Authority (CEA) are also covered under ASI.
5) Units with 100 or more employees registered in the Business Register of Establishments (BRE) prepared and maintained by the State Governments.
6) It does not cover unorganised or unregistered or informal sector enterprises.
Key finding of recent survey
1) Gross Value Added grew by 8.8% in current prices in the year 2020-21 and by 26.6% in the year 2021-22 over the respective previous years
2) Industrial output grew by more than 35% in 2021-22 over the previous year
3) Total estimated employment in the sector showed a robust growth of 7.0 % in 2021-22 over the previous year.
4) Tamil Nadu, Karnataka, and Uttar Pradesh were among the top five states contributing significantly to manufacturing GVA and employment in both years.
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