Along with agriculture, government and private jobs, factories and industries also play an important role in providing employment and strengthening the economy in the country. Every year lakhs of people get work in the factory sector also. According to the government's Annual Industry Survey (ASI) 2024-25, the number of people working in the country's factories was 1.96 crore in 2023-24, which increased to 2.10 crore in 2024-25. That means the number of working people increased by 7.19 percent in one year.
At the same time, more than 41 percent of the total employment in the factory sector is in only five industries. These include food products, textiles, basic metals, motor vehicles and clothing manufacturing industries. Among these five, the food products industry is at the forefront, where about 23.61 lakh people are working.
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A large number of people are employed even in small factories.
According to the survey, the number of factories with investment up to Rs 5 crore is 78.69 percent of the total operational factories. 34.32 percent of the total factory workers in the country work in these factories. At the same time, the number of factories with investment of Rs 10 crore or more is 15.84 percent of the total factories.
Despite this, their share in the total factory employment of the country is 59.66 percent. That is, small factories are more in number and are also a big source of employment, whereas the share of total employees is more in factories with big investment.
Maximum employment was found in five industries
According to the report, more than 41 percent of the total employment in the country's factories is in just five industries. These include manufacturing of food products, textile industry, basic metals, motor vehicles and wearing clothes. This means that out of every 100 people working in the country's factories, more than 41 people find employment in these five industries.
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According to the report, in the year 2024-25, the combined contribution of the top 5 industries food products, textiles, basic metals, motor vehicles and apparel in the total manufacturing jobs in the country has been more than 41%. According to the report, the manufacturing corporate sector contributes more than 89 percent to the total GVA (Gross Value Added) of the country. This shows that this sector plays a big role in the industrial employment of the country.
Along with big, small factories are also providing employment.
Overall, ASI 2024-25 data shows that employment in the organized factory sector of the country is increasing. Five major industries account for more than 41 percent of total factory employment. At the same time, factories with big investments are at the forefront in providing employment, while small factories, being more in number, are providing work to more than one-third of the people.