More than half of the country's manufacturing Gross Value Added (GVA) in the fiscal years 2021 and 2022 originated from the top five industrialized states, as per the Annual Survey of Industries released by the statistics ministry on Monday. The states leading in manufacturing GVA are Gujarat, Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh, collectively contributing to 53% of the national total.

Employment trends in the manufacturing sector saw a marginal dip in fiscal year 2021, which was effectively compensated in fiscal year 2022. The sector exhibited a notable 7.0% year-on-year growth in total estimated employment during this period. Impressively, the estimated number of individuals engaged in the sector in fiscal year 2022 surpassed pre-pandemic levels (fiscal year 2019) by more than 935,000, according to the survey.

Key drivers of the industries' GVA in fiscal year 2022 included the manufacture of basic metal, coke & refined petroleum products, pharmaceuticals, motor vehicles, food products, and chemical products. Collectively, these industries contributed approximately 56% to the total GVA of the sector. Furthermore, they exhibited a remarkable GVA growth of 34.4% and output growth of 37.5% in comparison to fiscal year 2021. This underscores the pivotal role played by these sectors in driving the overall growth of the manufacturing landscape.

The survey highlighted a substantial growth in the industries' GVA during fiscal year 2022, showing a remarkable 27% increase compared to the previous fiscal year. This significant surge is attributed to a low base effect, as fiscal year 2021 witnessed widespread lockdowns due to the outbreak of the COVID-19 pandemic, resulting in a constrained economic activity.

Average emoluments also saw an upward trajectory, with the average salary per employee in the sector witnessing a 1.7% increase in fiscal year 2021 and a more substantial 8.3% increase in fiscal year 2022 compared to the respective previous years.