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ASI 2023-24: factory GVA up 11.89%

1 min readEconomic Surveys & IndicesManufacturing & PLI
Battle IAS current affairs title card: ASI 2023-24: factory GVA up 11.89% (GS3 · Industry, 27 August 2025)

What happened

  • ASI 2023-24 showed factory GVA up 11.89% in current prices and employment up 5.92% [PIB].
  • The sector added 57 lakh jobs from 2014-15 to 2023-24; top employing states are Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka [PIB].

Background

  • Basic metals lead in GVA [PIB].

Why it matters

  • Formal factory jobs are growing but from a small base.

How to use this in Mains

GS-III Infrastructure: energy, ports, roads, airports, railways; investment models

  1. As per PIB (2025-08-27): ASI 2023-24 showed factory GVA up 11.89% in current prices and employment up 5.92%.
  2. Formal factory jobs are growing but from a small base.
Quotable data point

The sector added 57 lakh jobs from 2014-15 to 2023-24; top employing states are Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Karnataka.

PIB: ASI 2023-24 results, 27 Aug 2025

Exam angle

UPSC

Prelims: ASI results.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Factory GVA growth 2023-24 (current prices)

Answer (c) & explanation

PIB.

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Official source: PIB: ASI 2023-24 results, 27 Aug 2025

facts from cited sources only; faculty review pending