Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Factory outlook up, but jobs a concern
The New Indian Express Thiruvananthapuram
|August 28, 2025
The Annual Survey of Industries states that Indian factories delivered strong growth in 2023-24.
Gross Value Added in registered manufacturing grew 11.89% to ₹24.58 lakh crore, up from ₹21.97 lakh crore. Net Value Added also rose 11.9% to ₹21.03 lakh crore. Industrial output reached ₹153.27 lakh crore, a 5.8% rise. The number of persons engaged increased from 1.85 crore in 2022-23 to 1.96 crore in 2023-24, a 5.9% rise. Total emoluments rose from ₹6.40 lakh crore to ₹7.16 lakh crore, with average emolument per worker increasing from ₹3.46 lakh to ₹3.66 lakh.
However, beneath these gains lies a fault line. Almost 42% of workers were contract labourers, and jobs are clustered in a handful of industries.
The food products sector employed 11.06% of the workforce, or 21.6 lakh people. Textiles employed 17.1 lakh, basic metals 15.2 lakh, motor vehicles 13.7 lakh, and wearing apparel 13.4 lakh. The five sectors collectively account for over 41% of all factory jobs. The concentration is risky as the US has imposed a 50% tariff on India.
This story is from the August 28, 2025 edition of The New Indian Express Thiruvananthapuram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Thiruvananthapuram
The New Indian Express Thiruvananthapuram
Trump factor leads PM to duck Malaysia trip, says Cong
THE Congress on Thursday claimed that the reason for Prime Minister Narendra Modi not travelling to Malaysia for the Asean summit was that he does not want to be cornered by US President Donald Trump.
1 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
Kohli’s twin failures, Sharma’s fifty talking points in India’s loss
IT'S hard to find context in an ODI bilateral series with no major events scheduled in that format for the next two years.
3 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
TAKE AI’S HELP FOR SPEEDY JUSTICE
EW phrases encapsulate the despair of the Indian litigant more powerfully than Sunny Deol's anguished outburst in Damini: \"Tareekh pe tareekh\" (hearing after hearing).
3 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
High on drugs, Indian-origin truck driver kills three in US crash; held
A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.
1 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
321kg gold smuggled through 7 main routes seized in 10 months, says DRI
THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.
1 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
16-yr-old sprinter breaks 37-yr-old record
AS THE crowd at Chandrasekhar Nair Stadium dispersed on Thursday, Athul T M, the new record holder in 100m Junior Boys, spotted Ram Kumar.
1 min
October 24, 2025
The New Indian Express Thiruvananthapuram
U’khand village puts cap on wedding expenses
TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.
1 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
More girls in govt-run CBSE schools, says secy
IT is crucial that society invest more in the education of the girl child, according to the Union Secretary of Education and Literacy, Sanjay Kumar.
2 mins
October 24, 2025
The New Indian Express Thiruvananthapuram
PSG score seven, Barca hit six on a goal-filled night
PARIS Saint-Germain scored seven, Barcelona hit six and Erling Haaland struck his 24th goal of the season on an actionpacked night in the Champions League.
1 min
October 23, 2025
The New Indian Express Thiruvananthapuram
Brittas says concerned over OCI registration norms, writes to Shah
CPI(M) MP John Brittas has written to Home Minister Amit Shah expressing concerns over the recent notification under the Citizenship Act, 1955 that allows cancellation of Overseas Citizens of India (OCI) registration if the cardholder is charge-sheeted for certain offences.
1 min
October 23, 2025
Listen
Translate
Change font size