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ASI 2020-21 and ASI 2021-22
February 19 , 2024
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- The Ministry of Statistics and Programme Implementation released the results for the Annual Survey of Industries (ASI) for 2020-21 and 2021-22.
- These surveys cover factories employing 10 or more workers using power and those employing 20 or more workers without power.
- At the aggregate level, gross value added grew by 8.8 per cent in 2020-21 (in current prices), after registering a fall the year before.
- Growth in value added was driven by a sharper fall in input (at 4.07 per cent) than output (which fell by 1.9 per cent).
- In 2021-22, as the economy rebounded, value added grew by 26.6 per cent, with output growing at 35.4 per cent.
- In both these years, the registered organised manufacturing sector grew at a faster pace than the unorganised sector.
- The industries that drove growth during 2021-22 were manufacture of basic metal, coke and refined petroleum products, pharmaceuticals, motor vehicles, and chemicals.
- The value added by these industries grew by 34.4 per cent.
- The estimates of employment show that during the first year of the pandemic, total persons engaged fell marginally by 3.2 per cent.
- It was from 1.66 crore in 2019-20 to 1.6 crore in 2020-21.
- Employment picked up thereafter, with total persons engaged rising to 1.7 crore in 2021-22 — an increase of 7 per cent.
- Between 2017-18 and 2022-23, while the labour force participation rate (15 years and above) saw a steady increase, rising from 49.8 per cent to 57.9 per cent.
- The share of workers that were self-employed rose from 52.2 per cent in 2017-18 to 57.3 per cent in 2022-23.
- Over the same period, the share of workers in manufacturing declined from 12.1 per cent to 11.4 per cent.
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