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ET Explains: What is ASI, and what is its connection with GDP?

India swiftly recovered from the Covid-19 pandemic, with employment rising above pre-pandemic levels in 2021-22, according to the latest Annual Survey of Industries (ASI). Investment growth also picked up during this period. The ASI measures industrial statistics of registered manufacturing enterprises and provides data on gross value added, output, inputs, invested capital, net income, and profits. The 2021-22 results indicated a sharp recovery in employment, with 17.2 million people employed by enterprises during the fiscal year. The ASI data helps determine the industrial sector's contribution to GDP.

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Factory jobs zoom 7% in FY22, but average growth stays just 2.5% over 4 years

According to the results of the Annual Survey of Industries for 2020-21 and 2021-22, total factory employment rose to 1.72 crore in 2021-22 from 1.56 crore in 2017-18.

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Signal from industry

Data shows employment picked up after Covid. But pace of job creation remains a challenge

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factory employment in india: India's factory employment crossed pre-pandemic level in FY22, investment also picked up pace

India's factory employment grew by 7% in FY22, surpassing the pre-COVID level, as per the Annual Survey of Industries. Investments and output also increased, indicating the country's recovery from the pandemic. The manufacturing sector showed resilience after the adverse effects of the pandemic, with a marginal fall in employment in 2020-21.

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Survey soon to gather data from informal sector firms

The survey captures the unincorporated non-agricultural enterprises in manufacturing, trade and other services in urban and rural areas. The informal sector has a large share in economic activity besides contributing strongly to employment generation.

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