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India Manufacturing Jobs, Wages Accelerated During FY25 Survey
India’s organised factories employed more people in the 2024-25 financial year.
The number of workers rose to 21 million.
This was the first time the total passed 20 million.
Worker wages also grew faster than they did the year before.
Companies invested more money in factories and equipment.
Industrial production grew faster, but the value created by factories grew more slowly.
Food products, textiles, and basic metals employed the most workers.
Five states together provided more than half of manufacturing employment.
Organised manufacturing employment grew 7.2% in FY25 to 21 million workers, crossing 20 million for the first time.
Total emoluments increased 12.1%, while worker wages rose 13%, faster than in FY24.
Invested capital grew 11.1% to Rs 75.56 lakh crore, the fastest increase since FY17.
Industrial output growth accelerated to 7.8%, but gross value added growth slowed to 9.6%.
Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, and Haryana accounted for over 56% of manufacturing employment.
- Who
- India’s organised manufacturing sector, as measured by the Ministry of Statistics and Programme Implementation.
- What
- Employment, wages, invested capital, and industrial output increased during FY25, while gross value added growth slowed.
- Where
- India, with Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, and Haryana leading manufacturing employment.
- When
- Financial year 2024-25, compared with financial year 2023-24.
- Why
- The Annual Survey of Industries reported a recovery in employment and wage growth and stronger growth in invested capital.
Key facts
- Manufacturing employment
- 21 million people in FY25, up 7.2% year-on-year from 19.59 million.
- Worker wage growth
- Wages grew 13% in FY25, compared with 12% in FY24.
- Average annual earnings
- Average emoluments per person were Rs 382,451 in FY25.
- Invested capital
- Rose 11.1% to Rs 75.56 lakh crore, the fastest growth since FY17.
- Fixed capital
- Increased 10.5% to Rs 51.12 lakh crore in FY25.
- Industrial output
- Growth increased to 7.8% from 5.8% in FY24.
- Formal manufacturing establishments
- Increased 2.6% to 266,931 from 260,061 in FY24.
Quotes
Ministry of Statistics and Programme Implementation
India’s government ministry that released the Annual Survey of Industries results
“The top five industries—Basic metal, Motor vehicles, Chemical and Chemical products, Pharmaceutical Products and Food Products—taken together, contributed more than 45% of the total manufacturing GVA of the country during 2024-25”
financialexpress.com
Sources
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