In FY23, manufacturing jobs rise 7.6%, wages up 5.5%: Govt survey

Manufacturing in India has bounced back strongly from the Covid-19 impact, reflecting a 7.4% rise in GVA for 2022-23 and industrial output surging over 21%. Employment and wages have also improved, surpassing pre-pandemic levels. Key growth drivers include basic metals, petroleum, food, chemicals, and vehicles, contributing significantly to the sector’s output.