Annual Survey of Industries (ASI) Publications for 2023-24

The Annual Survey of Industries (ASI) for 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI), reveals an impressive 11.89% increase in Gross Value Added (GVA) in India's industrial sector. This is crucial for UPSC aspirants, particularly for GS Paper 3, as it highlights economic growth and industrial trends. Last Updated: 2025-10-03

Key Facts About Annual Survey of Industries (ASI) 2023-24

• GVA Growth: 11.89%, surpassing output (5.80%) and input (4.71%) growth.
• Top Industries: Basic metals, motor vehicles, chemicals, food products, and pharmaceuticals are leading in GVA growth.
• Leading States: Maharashtra (16%), Gujarat (14%), Tamil Nadu (10%), Karnataka (7%), Uttar Pradesh (7%).
• Employment Increase: 5.92% year-on-year, with over 57 lakh jobs added since 2014-15.
• Average Emoluments: Increased by 5.6%, although wages lag behind GVA growth.
• Opportunities: Growth in IIP (4.0%), USD 81.04 billion FDI, modernization in key industries.
• Government Initiatives: Production Linked Initiative (PLI) and National Manufacturing Mission.
• Challenges: Infrastructure deficiencies, MSME credit gaps, stiff competition, skill mismatch, and regulatory barriers.

India's Industrial Growth and Strategic Goals

The ASI 2023-24 underscores India's industrial sector as a pivotal component of its economic strategy, aiming for a USD 35 trillion economy by 2047. The sector's growth is vital for enhancing India's global competitiveness and achieving sustainable development. With a focus on modernization and export orientation, India is poised to strengthen its position in the global manufacturing landscape, supported by strategic initiatives and favorable FDI inflows.

Related Government Schemes/Policies

• Production Linked Initiative (PLI): Encourages domestic manufacturing and boosts exports.
• National Manufacturing Mission: Aims to increase the sector's contribution to GDP and create jobs.

UPSC Relevance

• GS Paper 3: Economic Development, Industrial Growth, and Infrastructure.
• Prelims Angle: Questions on GVA growth rates, leading industries, and state contributions.
• Mains Angle: Analytical themes on industrial policy, employment trends, and challenges in manufacturing.
• Essay Paper: Topics on India's economic growth and industrial strategies.

FAQ Section

• What is the Annual Survey of Industries (ASI)? The ASI is a comprehensive survey conducted by MoSPI to assess the performance of India's industrial sector, focusing on parameters like GVA, employment, and productivity.
• Why is the ASI important? The ASI provides critical data on industrial growth, helping policymakers and stakeholders make informed decisions to enhance competitiveness and sustainability.
• What are the key features of the ASI 2023-24? Key features include an 11.89% GVA growth, significant job creation, and the prominence of export-oriented industries, highlighting opportunities and challenges in the sector.