Context:
Recently, Annual Survey of Industries (ASI) for 2020-21 and 2021-22 was released
Annual Survey of Industries:
- Released by – Ministry of Statistics and Programme Implementation (MoSPI)
- Objective – to provide a meaningful insight into the dynamics of change in the composition, growth and structure of various manufacturing industries in terms of output, value added, employment, capital formation and a host of other parameters
Key Highlights of Survey:
- Gross Value Added (GVA)
- Grew by 8.8 per cent in 2020-21 (in current prices)
- Manufacturing GVA of the country –
- Maharashtra ranked 1st followed by Gujarat and Tamil Nadu
- Contributed about 53% of the total manufacturing GVA of the country
- Employment sector –
- The labour force participation rate (15 years and above) saw a steady increase, rising from 49.8 % to 57.9 %.
- Top 5 states employing highest number of persons – Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh and Haryana in both years.
Source: The Indian Express
Previous Year Question
In the context of Indian economy, consider the following statements:
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
[UPSC Civil Services Exam – 2011 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (d)
Explanation:
Statement 1 is not correct:
The growth rate of GDP has not steadily increased in the last five years due to economic crisis and policies.
Statement 2 is not correct:
The growth rate in per capita income has not steadily increased in the last five years due to economic crisis and policies.
