INDIA’S registered manufacturing sector has recorded a robust 7.25 per cent growth in the gross value of plant and machinery in the year 2024-25 over the previous year, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday. During FY2024-25, the registered manufacturing industry experienced notable expansion, driven by upward trends across key economic metrics, including capital investment, production output, Gross Value Added (GVA), workforce numbers, and compensation in comparison to the prior year, an official statement said.

 

The manufacturing corporate sector, having a share of more than 89 per cent in total gross value added (GVA), has reported growth in the number of factories in operation and total persons engaged by 3.45 per cent and 7.57 per cent, respectively and GVA growth of 9.28 per cent over the previous year. The top five industries -- food products, textiles, basic metals, motor vehicles, and wearing apparel taken together, have contributed more than 41 per cent of the total manufacturing employment of the country during 2024-25. Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh have emerged as the top 5 States in respect of GVA, having a share of more than 54 per cent of the total manufacturing GVA of the country in 2024-25.