Annual Survey of Industries 2023-24: GVA up 11.89%, employment up 5.92%; Tamil Nadu tops in employment
MoSPI's Annual Survey of Industries 2023-24 results, released on 27 August 2025, show manufacturing-sector GVA growing 11.89% in current prices and employment 5.92%, with Tamil Nadu the top state for employment.
Summary
The Ministry of Statistics and Programme Implementation released the Annual Survey of Industries (ASI) results for 2023-24 on 27 August 2025. Gross Value Added grew 11.89% in current prices over the previous year, industrial output grew more than 5.80%, and total estimated employment grew 5.92%. The sector added about 57 lakh jobs in the decade from 2014-15 to 2023-24. Basic metal, motor vehicles, chemicals, food products and pharmaceuticals were the top five industries by GVA, while Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka were the top five states by employment.
Key facts
- Released
- 27 Aug 2025, MoSPI
- Reference period
- FY 2023-24 (fieldwork Oct 2024–Jun 2025)
- GVA growth
- 11.89% (current prices)
- Output growth
- More than 5.80%
- Employment growth
- 5.92%
- Jobs added 2014-15 to 2023-24
- ~57 lakh
- Top industries (GVA)
- Basic metal, motor vehicles, chemicals, food products, pharmaceuticals
- Top states (employment)
- Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh, Karnataka
Practice MCQs 3 questions
According to the Annual Survey of Industries 2023-24, which state ranked first in terms of employment?
Show answer
Correct answer: A — Tamil Nadu
Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka are the top five states by employment, in that order.
As per ASI 2023-24 results released on 27 August 2025, Gross Value Added in the sector grew in current prices by:
Show answer
Correct answer: B — 11.89%
GVA grew 11.89% in current prices; output grew more than 5.80% and employment 5.92%.
Consider the following statements about the Annual Survey of Industries 2023-24: 1. Gujarat ranked first among states in terms of employment. 2. The sector added about 57 lakh jobs during 2014-15 to 2023-24. Which of the above is/are correct?
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Correct answer: B — 2 only
Statement 1 is wrong: Tamil Nadu ranked first and Gujarat second. Statement 2 is correct.