Shanmugam Ias Academy

ANNUAL SURVEY OF INDUSTRIES (ASI)

Why in News?

Recently, provisional results of the Annual Survey of Industries (ASI) was released by the Ministry of Statistics and Programme Implementation.

About

The survey was conducted during April 2021 to January 2022 through ASI Web Portal.
ASI, the principal source of industrial statistics in India, is the most comprehensive data on organised manufacturing.
It covers all factories employing 10 or more workers using power and those employing 20 or more workers without using power.

Highlights of the Survey

Increase in Factories - Factories in the country increased by 1.7% year-on-year to 2.46 lakh in 2019-20, employing a total of 1.3 crore workers.
Gross Fixed Capital Formation - Gross fixed capital formation, an indicator of investment, grew 20.5% to Rs 4.15 lakh crore in the organised manufacturing sector in 2019-20 as against a growth of 10.2% at Rs 3.44 lakh crore in the previous fiscal.
Corporate Sector - Employment in the corporate sector, which includes public and private government and non-government companies, increased 5.5% to 97.03 lakh in 2019-20, while that in individual proprietorship declined 3.1% to 11.36 lakh.
In Partnership - Employment in the partnership sector fell by 11.7% to 18.58 lakh in 2019-20 while that for limited liability partnership grew 42% to 1.22 lakh.
Total Wages Paid - Total wages paid to workers grew 6.3% in 2019-20 as against a wage growth of 11.9% in previous fiscal. Wages to factory workers in the corporate sector rose by 7.7%in 2019-20. Workers figures include all persons employed directly or through any agency whether for wages or not and engaged in any manufacturing process or in cleaning any part of the machinery or premises used for manufacturing process or in any other kind of work connected with the manufacturing process.

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