Output, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers

India's manufacturing sector experienced robust growth in the fiscal year 2024-25, according to the Annual Survey of Industries released by the statistics ministry. Gross Value Added (GVA) for the industry sector expanded 9.6% to ₹26.9 lakh crore, marking a notable rise from ₹24.6 lakh crore in the previous year. Industrial output also increased by 7.8% to ₹165.2 lakh crore.

The sector's employment landscape saw expansion as well, with the number of workers employed rising by 1.4 million, bringing the total workforce to approximately 21 million. The survey covered the period from October 2025 to June 2026. The establishment count grew by 2.6% to 0.27 million during the same period.

Investment in capital, encompassing both fixed and physical working capital, rose 11.1% to Rs 75.6 lakh crore in 2024-25. The manufacturing sector is diverse, with basic metals constituting the largest share of GVA at 11.6%, followed by motor vehicles at 9.5%, chemical products at 8.5%, pharmaceuticals at 8.1%, and food products at 7.9%.

Five states accounted for more than half of the manufacturing GVA in 2024-25. Maharashtra led with a 15.9% share, followed by Gujarat at 14.1%, Tamil Nadu at 10.9%, Karnataka at 7.3%, and Uttar Pradesh at 6.6%. In terms of employment, the number of persons employed in factories increased by 7.2% to 21 million in 2024-25 from 19.6 million in the preceding year.

Total emoluments grew by 12.1% to ₹8 lakh crore. Among the five states, Tamil Nadu led with 15% of manufacturing employment, followed by Maharashtra at 13.1%, Gujarat at 13%, Uttar Pradesh at 8.7%, and Haryana at 6.4%. Within industries, food products employed the highest number of people at 2.4 million.