Latest news with #AnnualSurveyofIndustries
Time of India
30-05-2025
- Business
- Time of India
Manufacturing sector driving UP's economy towards trn dollar goal
Lucknow: The secondary sector, at Rs 6.16 lakh crore, contributes 26.1% to the State Gross Value Added (SGVA), which measures the total value of goods and services produced within a state. According to the recent report on District Domestic Product by the economics and statistics division of UP govt's planning department, the manufacturing sub-sector, which is a significant component of the secondary sector, was identified as a significant contributor to the govt's goal of becoming a USD 1 trillion economy. Manufacturing contributes 10.2% to the state's GDP but recorded an increase of only 1.3% over the previous year, highlighting its immense potential for growth. According to DDP estimates for 2023-24, top five districts contributing most to the SGVA include Gautam Budh Nagar, Ghaziabad, Kanpur Nagar, Lucknow, and Agra. The top five districts which displayed the highest growth are Etah, Sitapur, Banda, Baghpat, and Barabanki. "From the results of the Annual Survey of Industries (ASI), GVA undertaken by the Govt of India plays a major role in the estimation of GVA of the manufacturing sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo This survey covers units registered under the Factories Act. The total SGVA estimated from ASI was Rs 1.65 lakh crore, in which the top five districts with the highest contribution are Gautam Budh Nagar, Ghaziabad, Kanpur Nagar, Kanpur Dehat, and Lucknow," a govt spokesperson said. ASI also indicates growth in industrial sector. The total number of factories in 2023-24, according to ASI, was 22,303, which was 15.6% more as compared to 2022-23. This growth indicates a shift towards the formalisation of industrial sector. Top five districts with maximum number of factories are Gautam Budh Nagar, Ghaziabad, Kanpur Nagar, Agra, and Meerut. These districts also have higher number of factories employing more than 100 workers. Consumption of electricity is a crucial input for any industrial development. The share of top five districts in electricity consumption for industrial purposes are Gautam Budh Nagar, Ghaziabad, Kanpur Nagar, Muzaffarnagar, and Kanpur Dehat. Among other indicators proving growth in UP's manufacturing sector is an increase in workers in manufacturing-related MSME industries by 60.8% over the previous year. Top five districts contributing the most to employment opportunities created in the industrial sector, both in factories registered under the Factories Act and MSME, have been Gautam Budh Nagar, Ghaziabad, Agra, Kanpur Nagar, and Lucknow. Top five districts in GST collection from registered manufacturing establishments are Gautam Budh Nagar, Ghaziabad, Lucknow, Kanpur Nagar, and Muzaffarnagar. Principal secretary, planning, Alok Kumar said that the state was working towards holistic economic progress by developing the manufacturing sector. "This has also attracted investors towards UP. Sectoral policies like UP Food Processing Policy, UP Textile and Garments Policy, Electronics Manufacturing Policy, UP Green Hydrogen Policy, Semi-Conductor Policy, Incentive Policy for Foreign Direct Investment and Investment of Fortune Global-500 Companies, Investment and Employment Promotion Policy, and Export Policy have been important in creating a positive industrial ecosystem," he said.
Time of India
09-05-2025
- Business
- Time of India
Can India create an effective framework to bridge the skill gap in its workforce?
Skill shortage, where job vacancies remain unfilled due to a lack of qualified candidates. Skill gap, where individuals, even if formally qualified, lack actual competencies needed to perform effectively on the job. The study also broadens the definition of 'skills' to include not only technical and vocational proficiency, but also cognitive and socio-emotional capabilities - all of which are critical for productivity and long-term employability. To test and validate the proposed framework, the study took a stepwise approach. Live Events Selected 7 high-growth sectors based on such indicators as their contribution to GVA, employment share, growth trajectory and strategic relevance. Additional parameters such as input-output multipliers and sunrise potential were used to identify sectors most likely to drive employment in the short-to-medium term. Roles, as defined by Sector Skill Councils (SSCs), were aligned with National Classification of Occupations (NCO) 2015 to ensure consistency across data and analytical frameworks. This harmonisation enables more accurate forecasting and helps align skill development efforts with actual labour market needs. Macro-level workforce analysis included examining the profile of workers - educational qualifications (general, technical and vocational), gender and occupation types - using available national datasets like PLFS and Annual Survey of Industries. Simultaneously, the study identified geographical clusters across states and districts to understand where economic and employment activity is concentrated. Input-output modelling techniques used to forecast shifts in job demand over a 3-year horizon. Drawing on data from NAS, PLFS and international growth forecasts, these simulations offered insights into the scale and nature of workforce requirements likely to emerge across sectors. Identification of top occupations or potentially facing skill shortages and/or gaps, stakeholders across the value chain were systematically mapped and interviewed. India needs a dynamic framework to track skill demand and supply. While national and state-level studies have been conducted since 2011, lack of a common methodology has made it difficult to reconcile a national 2024-25, skill development and entrepreneurship ministry and NCAER launched a study to build a unified, scalable framework for skill gap assessment . This aimed to create a regularly updated system for tracking skill needs across states and sectors. It proposes a dynamic framework that enables continuous monitoring and periodic countries with mature skill ecosystems rely on a combination of quantitative and qualitative tools to assess skill needs. India, too, has seen fragmented efforts by multiple institutions, each applying its own framework creates a baseline from which governments, training providers and employers can work together to better target resources, update training curricula, revise qualification packs, and identify underserved regions or occupations requiring focused it requires additional steps needed to make the system fully operational and responsive to real-time changes:A more robust and granular survey instrument can capture data on employment levels, wage structures, qualifications and skill requirements across non-agricultural enterprises, with district-level representation to ensure that local workforce trends are adequately reflected in national vacancies could serve as a practical proxy for identifying hard-to-fill roles. A common national definition of such vacancies would allow for consistent tracking across regions and labour market insights drawn from enterprise records, online job portals and digital employment platforms could help identify emerging occupations, spatial mismatches and shifting industry needs. This would allow for quicker course corrections and timely updates to training curricula and qualification task ahead is to institutionalise the MSDE-NCAER framework and align it with evolving labour market trends through regular data flows and support state-level adoption. For this to happen, skill-gap studies must become central to how we plan, fund and implement investments.
&w=3840&q=100)
Business Standard
01-05-2025
- Politics
- Business Standard
Modi govt presided over 'widespread depredation' of India's workers: Cong
The Congress on Thursday alleged that the last 11 years have seen the Modi government preside over widespread depredation of India's workers, inflicting injustices such as "declining real wages, anti-worker labour codes and throttling of MGNREGA. On International Workers Day, Congress general secretary in-charge communications Jairam Ramesh said the path-breaking gig worker welfare measures in Telangana and Karnataka are only the beginning and the Indian National Congress envisions safe and secure employment for all of India's working people. "The last eleven years have seen the Modi Government preside over the widespread depredation of India's workers, aided and abetted by the Government's own policies," he said in a statement. Ramesh said there have been at least five major injustices inflicted upon workers in India over the last decade. Listing out the injustices, Ramesh flagged "declining real wages" and pointed out that Labour Bureau data shows that between 2014-15 and 2022-23, real wages of agricultural workers rose by an annual average of only 0.8 per cent, and just 0.2 per cent for non-agricultural workers. "For construction workers, real wage growth was actually negative. Even salaried workers have not been spared - according to PLFS data, after adjusting for inflation, salaried workers made 12 per cent less in 2022-23 than they did in 2017-18," he said. Ramesh also accused the government of bringing in anti-workers labour code and rise in contractualisation. "The Modi government's four new labour codes of 2019-20 made employment more unstable for all workers. Contractualisation has become rampant, both in the public and private sectors. According to the Annual Survey of Industries, 98.4 per cent of factories employed contract workers in 2019-20, up from 28.3 per cent of factories in 2011," he said. Flagging the issue of de-industrialisation, Ramesh said the Modi government has systematically reversed India's economic transformation, sending workers from factories back to farms. "From 2011-12 to 2022, the total number of workers in manufacturing was stagnant, going from approximately 6 crore to just about 6.3 crore. Since 2018-19, the number of agricultural workers has gone up by 6 crore," he said. Ramesh claimed there has been a decline in salaried jobs and increase in self-employment. "Self- employment rose from 51 per cent in 2017-18 to a shocking 57 per cent in 2022-23, while salaried work fell from 23 per cent to 21 per cent. The number of unpaid workers in the self-employed category has shot up from about 40 million in 2017-18 to 95 million in 2022-23. The mass unemployment crisis has forced workers to move into low-paying or non-paying jobs," he said. Ramesh accused the government of "throttling MGNREGA", saying the budget allocation for MGNREGA has been slashed repeatedly and in 2023-24 it was at only 0.25 per cent of GDP - the lowest in its history. "As a result, the Modi government has suppressed MGNREGA wages. For instance, since 2014, the daily wage rate for Uttar Pradesh has increased just 4 per cent per year, when inflation has been much higher than that," he said. As part of its Nyay Patra for the Lok Sabha Elections 2024, the Indian National Congress had announced the five-point Shramik Nyay Guarantees, Ramesh pointed out. Listing the guarantees, he said the Congress has promised a national minimum wage at Rs 400 per day, including for MGNREGA workers. The guarantees include Right to Health law that will provide universal health coverage of Rs. 25 lakh, including free essential diagnostics, medicines, treatment, surgery, and rehabilitative and palliative care, Ramesh said. The Congress has also guaranteed an employment guarantee act for urban areas, with a focus on building public infrastructure, making cities resilient to climate change, and bridging gaps in social services, he said. Ramesh said the Congress has also promised a comprehensive social security for all unorganised workers, including life insurance and accident insurance. The party has also vowed to carry out a review of the anti-worker labour codes passed by the Modi Government, and a commitment to stop contractualisation of employment in core government functions, he said. "The Congress Party has stood firm with India's working people since its inception, with Mahatma Gandhi himself guiding the historic Ahmedabad Mill Workers Strike of 1918 and several INC leaders like Sardar Vallabhbhai Patel, Pandit Jawaharlal Nehru, VV Giri, and Babu Jagjivan Ram being associated with the labour movement," he said. On the occasion of International Workers Day, the Congress reaffirms its allegiance to India's working people and renews its commitment to the five-point Shramik Nyay Agenda, Ramesh asserted. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Hindu
01-05-2025
- Politics
- The Hindu
Modi govt presided over 'widespread depredation' of India's workers: Congress
The Congress on Thursday (May 1, 2025) alleged that the last 11 years have seen the Modi government preside over 'widespread depredation' of India's workers, inflicting injustices such as "declining real wages, anti-worker labour codes and throttling of MGNREGA'. On International Workers Day, Congress general secretary in-charge communications Jairam Ramesh said the path-breaking gig worker welfare measures in Telangana and Karnataka are only the beginning and the Indian National Congress envisions safe and secure employment for all of India's working people. "The last eleven years have seen the Modi Government preside over the widespread depredation of India's workers, aided and abetted by the Government's own policies," he said in a statement. Mr. Ramesh said there have been at least five major injustices inflicted upon workers in India over the last decade. Listing out the injustices, Mr. Ramesh flagged "declining real wages" and pointed out that Labour Bureau data shows that between 2014-15 and 2022-23, real wages of agricultural workers rose by an annual average of only 0.8%, and just 0.2% for non-agricultural workers. On the occasion of International Workers Day, our statement on @INCIndia's vision for India's workers — Jairam Ramesh (@Jairam_Ramesh) May 1, 2025 "For construction workers, real wage growth was actually negative. Even salaried workers have not been spared - according to PLFS data, after adjusting for inflation, salaried workers made 12% less in 2022-23 than they did in 2017-18," he said. Mr. Ramesh also accused the government of bringing in anti-workers labour code and rise in contractualisation. "The Modi government's four new labour codes of 2019-20 made employment more unstable for all workers. Contractualisation has become rampant, both in the public and private sectors. According to the Annual Survey of Industries, 98.4% of factories employed contract workers in 2019-20, up from 28.3% of factories in 2011," he said. Flagging the issue of de-industrialisation, Mr. Ramesh said the Modi government has systematically reversed India's economic transformation, sending workers from factories back to farms. "From 2011-12 to 2022, the total number of workers in manufacturing was stagnant, going from approximately 6 crore to just about 6.3 crore. Since 2018-19, the number of agricultural workers has gone up by 6 crore," he said. Mr. Ramesh claimed there has been a decline in salaried jobs and increase in self-employment. "Self-employment rose from 51% in 2017-18 to a shocking 57% in 2022-23, while salaried work fell from 23% to 21%. The number of unpaid workers in the self-employed category has shot up from about 40 million in 2017-18 to 95 million in 2022-23. The mass unemployment crisis has forced workers to move into low-paying or non-paying jobs," he said. Mr. Ramesh accused the government of "throttling MGNREGA", saying the budget allocation for MGNREGA has been slashed repeatedly and in 2023-24 it was at only 0.25% of GDP - the lowest in its history. "As a result, the Modi government has suppressed MGNREGA wages. For instance, since 2014, the daily wage rate for Uttar Pradesh has increased just 4% per year, when inflation has been much higher than that," he said. As part of its Nyay Patra for the Lok Sabha Elections 2024, the Indian National Congress had announced the five-point Shramik Nyay Guarantees, Ramesh pointed out. Listing the guarantees, he said the Congress has promised a national minimum wage of ₹400 per day, including for MGNREGA workers. The guarantees include the Right to Health law that will provide universal health coverage of ₹25 lakh, including free essential diagnostics, medicines, treatment, surgery, and rehabilitative and palliative care, Mr. Ramesh said. The Congress has also guaranteed an employment guarantee act for urban areas, with a focus on building public infrastructure, making cities resilient to climate change, and bridging gaps in social services, he said. Mr. Ramesh said the Congress has also promised a comprehensive social security for all unorganised workers, including life insurance and accident insurance. The party has also vowed to carry out a review of the anti-worker labour codes passed by the Modi Government, and a commitment to stop contractualisation of employment in core government functions, he said. "The Congress Party has stood firm with India's working people since its inception, with Mahatma Gandhi himself guiding the historic Ahmedabad Mill Workers Strike of 1918 and several INC leaders like Sardar Vallabhbhai Patel, Pandit Jawaharlal Nehru, VV Giri, and Babu Jagjivan Ram being associated with the labour movement," he said. On the occasion of International Workers Day, the Congress reaffirms its allegiance to India's working people and renews its commitment to the five-point Shramik Nyay Agenda, Mr. Ramesh asserted.
&w=3840&q=100)
Business Standard
30-04-2025
- Business
- Business Standard
Private limited companies dominate formal services, says NSO study
About 83 per cent corporate services entities were private limited companies during 2022-23 (FY23), shows a pilot study, the first of its kind, of India's services sector, conducted by the National Statistics Office (NSO). The results of the study were released on Wednesday. The trend is noticeable for all the broad categories, ie construction, trade, and other services. The survey, titled 'Pilot Study on Annual Survey of Services Sector Enterprises (ASSSE)', was conducted in two phases -- between May 2024 and August 2024 and between November 2024 and January 2025 -- using the Goods and Services Tax Network (GSTN) data as a frame to recognise enterprises. It was conducted for the incorporated services sector because the Annual Survey on Unincorporated Enterprises (ASUSE) gives insights into informal services. The data from the survey showed only 8.5 per cent services enterprises were 'public limited companies' and 7.9 per cent were 'limited liability partnerships' (LLPs). Also Read Besides, the study showed India's services sector was dominated by larger enterprises, valued at ₹500 crore or more. They contributed more than two-thirds of gross value added (GVA), despite being only 2.8 per cent of the services sector. Meanwhile, these large firms had a 62.3 per cent share of capex and a similar share in fixed assets. Their share in outstanding loans stood at 36.1 per cent, and in employment, it was less pronounced at 37 per cent. On the other hand, enterprises with output ranging between ₹100 crore and ₹500 crore represent 8 per cent of the total and contribute about 25 per cent of fixed assets, over 42 per cent of outstanding loans and around 20 per cent of GVA. In employment, their share was 33.7 per cent. Smaller companies, which were over half the surveyed firms, accounted for just 2.6 per cent of assets, 2.4 per cent of capex and 1.2 per cent of output. The study classifies smaller firms as those with an output of less than ₹10 crore. The NSO said in a statement that starting 2026 India would have detailed data on the contribution of formal services sector firms to the economy and employment, just like the Annual Survey of Industries (ASI) did for the industrial sector. This data will be vital because the services sector has more than a 60 per cent share in the economy. 'The pilot study confirmed the suitability of the GSTN database as a sampling frame for the survey,' said the NSO in a statement.
