Six industries contribute over 50% of formal sector manufacturing GVA: NSO

Quick Summary:

In comparison, the share of these six industries stood at 55.

Cumulatively, total persons engaged in the manufacturing sector grew by 7.4 per cent in 2022-23 to 18.5 million.

Of this, the share of ‘basic metals’ and ‘chemicals and chemical products’ alone was 22 per cent, while the remaining contribution came from the other four industries.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Refined petroleum Formal manufacturing sector Factory count India Manufacturing employment growth Top manufacturing industries India Manufacturing industry contributions State-wise GVA ASI report FY23 NSO data Basic metals India manufacturing GVA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 18:36:25 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23364332

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Coverage Areas: India

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