Total employment in manufacturing industries up 7.5% in FY23: Govt survey

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Total employment in manufacturing industries up 7.5% in FY23: Govt survey - Business Standard

Quick Summary:

The number of persons employed in manufacturing industries rose 7.5 per cent in 2022-23 to 1.85 crore from 1.72 crore in the previous year, says Annual Survey of Industries (ASI) by Ministry of Statistics and Programme Implementation (MoSPI).

The estimated number of persons engaged in this sector in 2022-23 exceeded the pre-pandemic level (2018-19) by more than 22.14 lakh, a MoSPI statement said adding that at the same time, average emolument also registered an increase over the previous year.

The number of total persons engaged in manufacturing industries increased to 1,84,94,962 in 2022-23 from 1,72,15,350 in 2021-22.