Annual Survey of Industries (ASI) for 2020-21 and 2021-22

Economy and Finance

Annual Survey of Industries (ASI) for 2020-21 and 2021-22

07 Feb 2024 Zinkpot 141

The Annual Survey of Industries (ASI) results for the reference periods April 2020 to March 2021 (ASI 2020-21) and April 2021 to March 2022 (ASI 2021-22) have been released by the Ministry of Statistics and Programme Implementation (MoSPI).
The fieldwork for these surveys was carried out from April 2022 to November 2022 for ASI 2020-21 and from March 2023 to September 2023 for ASI 2021-22. A considerable part of the reference period for ASI 2020-21 was affected by the first wave of the COVID-19 pandemic that witnessed lockdown and major disruption not only in India but also globally.
Let’s delve into the key highlights from these reports:
- Gross Value Added (GVA): In the year 2020-21, GVA grew by 8.8% in current prices compared to 2019-20. This growth was primarily due to a sharp fall in input (4.1%), which more than offset an output contraction (1.9%) caused by the pandemic.
  - However, the story took a positive turn in 2021-22. The GVA surged significantly by 26.6% over the previous year, riding on a high growth in industrial output (more than 35% in value terms) during this period.
  - Among the major states, in terms of GVA, Gujarat remained at the top in 2020-21 and in the second position in 2021-22 while Maharashtra ranked first in 2021-22 and second in 2020-21.
  - These two states were followed by Tamil Nadu, Karnataka, and Uttar Pradesh in both years. The top five states, taken together contributed about 53% of the total manufacturing GVA of the country in 2020-21 as well as in 2021-22.
- Industrial Output: The Indian manufacturing sector demonstrated resilience after the adverse effects of the pandemic in 2020-21. Despite the challenges, industrial output rebounded remarkably in 2021-22. This output growth played a crucial role in driving the overall GVA increase during the reference period.
  - The main drivers of this growth in 2021-22 were industries like the Manufacture of Basic metal, Coke and refined Petroleum Products, Pharmaceutical Products, Motor vehicles, Food Products and Chemical and Chemical products.
  - These industries, taken together, contributed about 56% of the total GVA of the sector and showed a GVA growth of 34.4% and output growth of 37.5% in comparison to 2020-21.
- Employment: Due to the Covid pandemic, there was a marginal fall in employment in 2020-21 which was more than compensated in the subsequent year i.e. in 2021-22 with total estimated employment in the sector showing a robust growth of 7.0 % year-on-year (Y-o-Y).
  - The estimated number of persons engaged in this sector in 2021-22 has exceeded the pre-pandemic level (that is 2018-19) by more than 9.35 lakh.
  - At the same time, average emoluments also registered an increase with the average salary earned per employee in this sector had gone up by 1.7% in 2020-21 and by 8.3% in 2021-22 in comparison to respective previous years.
  - The top five states employing the highest number of persons in this sector were Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh, and Haryana in ASI 2020-21 as well as in ASI 2021-22. Taken together, these states contributed about 54% of total manufacturing employment in both years.
The ASI provides valuable insights into the dynamics of change in the composition, growth, and structure of various manufacturing industries. It contributes essential data to the National Accounts Statistics at both national and state levels. The results are prepared at the state and major industry levels.
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