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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Category: BusinessFinance

Markets: India

Topics: Manufacturing employment growth NSO data Basic metals Manufacturing industry contributions Factory count India ASI report FY23 Refined petroleum Formal manufacturing sector State-wise GVA Top manufacturing industries India 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 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23364332

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