Investment, factory jobs grow, wipe out Covid impact
Annual Survey of Industries (ASI) released on Monday showed.
There were 18.5 million persons engaged in factories in 2022-23 compared to 17.2 million in 2021-22 and 16.3 million in 2018-19, as per the survey released on Monday by the Ministry of Statistics and Programme Implementation (Mospi) and Niti Aayog.
The gross value added (GVA) grew 7.3% to ₹22 lakh crore in FY23 while output rose 21.5% from a year earlier. «It gives us confidence that India can actually aim for 9% plus growth,» Niti Aayog chief executive BVR Subrahmanyam said after the release of the report.
Explaining the rationale, he said the industrial sector is growing at 7% rate, the services sector can grow easily at 12%, and agriculture grows at about 4%.
«You actually are going to touch 9% to 10%. So, India is actually on track, and the data shows we have wiped off the impact of Covid,» he added.
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