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Factory outlook up, but jobs a concern
The Morning Standard
|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.
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