Annual Survey of Industries 2024-25: GVA up 9.59%, employment crosses 2 crore
UPSC has already asked about this. Read the story with these questions in mind.
MoSPI released the Annual Survey of Industries 2024-25 on 30 September 2026. Registered manufacturing GVA rose 9.59 per cent to ₹2694.2 thousand crore, output grew 7.81 per cent and employment 7.19 per cent, crossing 2 crore after adding over 14 lakh workers. Factories rose from 2.60 lakh to 2.67 lakh.
- Released
- MoSPI, 30 Sep 2026
- Reference period
- April 2024 – March 2025
- GVA growth
- 9.59%
- Employment
- over 2 crore (+7.19%)
- Establishments
- 2.67 lakh
- Most factories
- Tamil Nadu (41,221)
The Annual Survey of Industries 2024-25: what happened?
ASI is the main source of data on India’s registered (formal) manufacturing. It feeds the National Accounts and policy-making. Field work for this round ran from October 2025 to June 2026.
- MoSPI released ASI 2024-25: output +7.81%, employment +7.19%, GVA +9.59%, fixed capital +10.54% [PIB].
- ~2.67 lakh registered manufacturing establishments; 14 lakh+ jobs added, total employment over 2 crore [PIB].
Which States and industries lead?
- GVA: Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh, together over 54%.
- Employment: Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Haryana, over 56%.
- Factories: Tamil Nadu 41,221; Gujarat 33,084; Maharashtra 27,379.
- Top five industries by GVA: basic metals, motor vehicles, chemicals, pharmaceuticals and food products, over 45% together.
What were the key growth numbers?
| Indicator | Growth |
|---|---|
| Gross Value Added | 9.59% |
| Output | 7.81% |
| Employment | 7.19% |
| Emoluments | 12.08% |
| Invested capital | 11.10% |
| Fixed capital | 10.54% |
| Net income | 9.68% |
| Net profit | 7.73% |
| Establishments | 2.64% |
Why does the Annual Survey of Industries 2024-25 matter?
| Angle | What to note |
|---|---|
| Economy | Formal manufacturing grew faster in value than in output. |
| Jobs | Over 14 lakh added in one year. |
| Regional | Manufacturing still concentrated in a few States. |
What are the challenges in the Annual Survey of Industries 2024-25?
- Five States hold more than half of GVA and jobs.
- ASI covers only registered factories, not the informal sector.
What should be done next on the Annual Survey of Industries 2024-25?
- Spread manufacturing to lagging States.
- Link ASI with unincorporated-sector surveys for a full picture.
What can Prelims ask on the Annual Survey of Industries 2024-25?
- ASI is conducted by MoSPI.
- ASI 2024-25 GVA growth: 9.59%.
- Most factories: Tamil Nadu.
- Top GVA State: Maharashtra.
How to write about the Annual Survey of Industries 2024-25 in Mains
Practice question (15 marks, 250 words): What does the Annual Survey of Industries 2024-25 reveal about the state of India’s formal manufacturing? Suggest steps for balanced regional growth.
- Intro: ASI and headline numbers.
- Strengths.
- Concentration issue.
- Way forward.
What should UPPCS aspirants note?
- UP is among the top five States in both manufacturing GVA and employment in ASI 2024-25.
How to use this in Mains
- As per PIB, MoSPI (2026-09-30): moSPI released ASI 2024-25: output +7.81%, employment +7.19%, GVA +9.59%, fixed capital +10.54%.
Quotable data point~2.67 lakh registered manufacturing establishments; 14 lakh+ jobs added, total employment over 2 crore.
PIB, MoSPI: Annual Survey of Industries 2024-25 results, 30 Sep 2026
Exam angle
Prelims: ASI vs IIP; who conducts ASI.
Practice MCQs
Original practice questions (not PYQs).
According to ASI 2024-25, which State recorded the highest manufacturing GVA?
Answer (c) & explanation
MoSPI, 30 Sep 2026.
Which of the following is NOT among the top five States by manufacturing employment in ASI 2024-25?
Answer (c) & explanation
Top five: TN, Maharashtra, Gujarat, UP, Haryana.
Questions students ask about this
What is the Annual Survey of Industries?
MoSPI's survey of registered manufacturing, covering output, value added, jobs and capital.
How much did manufacturing GVA grow in 2024-25?
9.59 per cent, to ₹2694.2 thousand crore.
Which State has the most factories?
Tamil Nadu, with 41,221.
Keep studying
Go deeper
Official source: PIB, MoSPI: Annual Survey of Industries 2024-25 results, 30 Sep 2026
facts from cited sources only; faculty review pending