10.2% rise in manufacturing sector investments in FY’`8

The recently released final Annual Survey of Industries (ASI) for 2018-19 has found that gross fixed capital formation (GFCF) during 2018-19 rose to Rs.3.4 trillion from Rs.3.1 trillion in 2017-18. It also found that manufacturing sector investments grew by 10.2% year-on-year in 2018-19 even as the rent payout and profits dipped while the interest paid increased.

There were also other significant developments such as a 2% increase in the number of factories and a 4.7% rise in the number of workers in the country increased to 12.7 million. The ASI includes all factories employing 10 or more workers using power and those employing 20 or more workers without using power. It was conducted during the period between November 2019 and November 2020 through ASI web portal.