Annual Survey of Industries 2024-25 | 16 Apr 2025
Why in News?
According to the latest data of Annual Survey of Industries (ASI) of the Government of India, Uttar Pradesh has recorded the highest number of factory registrations in the country in the year 2024-25 .
Key Points
- About the Report:
- Uttar Pradesh registered 3,318 factories in 2024–25, nearly double the 1,484 recorded in 2020–21.
- This growth has been due to improvements in ease of doing business , administrative efficiency and policy decisions .
- According to the report, Uttar Pradesh is rapidly emerging as a key hub for large-scale industrial investments, beyond just small and medium enterprises.
- UP's share in the ASI frame has increased to 7.6% in the year 2022-23, the highest ever.
- This progress is a strong step towards the Chief Minister 's goal of a USD 1 trillion economy .
- Uttar Pradesh's industrial Gross Value Added (GVA) reached Rs 1.3 lakh crore in 2022-23 , contributing 6.1% to the total industrial GVA of the country .
- GVA represents the value that producers add to goods and services during the production process.
- It is calculated by subtracting the cost of inputs (intermediate consumption) from total output .
- It is a major component of Gross Domestic Product (GDP) , which reflects economic growth.
- GVA growth rates provide insights into sectoral performance, helping in economic analysis and policy making.
- Uttar Pradesh registered 3,318 factories in 2024–25, nearly double the 1,484 recorded in 2020–21.
Annual Survey of Industries (ASI)
- ASI is the primary source of industrial statistics in India .
- It was initiated in 1960 as per the Collection of Statistics Act of 1953 , with the year 1959 as the base year and has been conducted annually since 1972 .
- ASI has been conducting this survey since the year 2010-11 under the Collection of Statistics Act, 2008 , which was amended in the year 2017 to extend it to all India level .
- The National Statistical Office (NSO) , a part of the Ministry of Statistics and Programme Implementation (MoSPI) , operates the ASI.
- The Department of Statistics and Programme Implementation is responsible for ensuring the coverage and quality of statistics released by the Ministry.