Finance Minister Nirmala Sitharaman on Tuesday credited Prime Minister Narendra Modi for the recently reported remarkable surge in manufacturing jobs and wages for workers in FY 23, where they have risen by 7.6 per cent and 5.5 per cent, respectively, saying under his leadership, the sector has "not only rebounded but is now thriving".
As per the government's Annual Survey of Industries 2022-23, nationwide employment in the sector has achieved a laudable rise from 1.6 crore workers in 2018-19 to 1.9 crore in 2022-23, while the concentration of employment in factories has also been rise to rise, with the number of workers per factory going up from 65 in 2018-19 to 71 in 2022-23.
The data shows that wages per worker in the manufacturing sector have jumped by 5.5 per cent, with workers now earning an average of Rs 2.05 lakh per year in 2022-23 from Rs 1.69 lakh in 2018-19.
“More jobs mean more food on the table and more wages mean better quality of life for lakhs of Indian families. Under PM Modi’s leadership, the manufacturing sector has emerged as a job-creation powerhouse,” Minister Sitharaman said, crediting several key initiatives of the Modi government, including the Production-Linked Incentive (PLI) Scheme, Make in India, Aatmanirbhar Bharat, and Labour Law Reforms, for this remarkable turnaround, as per an official document.
Meanwhile, the key economic marker of Gross Value Added (GVA) in manufacturing, has risen by over 21 per cent from 2021-22 to 2022-23 and Sitharaman said that the surge "is a clear indication that India’s manufacturing sector is firing on all cylinders,” said Sitharaman".
The report also said that BJP-ruled states, like Gujarat, Uttar Pradesh, and Maharashtra, have become the powerhouses of India’s manufacturing revolution, driving massive growth in both output and employment.
Gujarat, known for its entrepreneurial spirit, tops the list with 17.7 per cent of the total output, while industrial heartland Maharashtra follows closely with a 14.6 per cent share of total output. Uttar Pradesh, India’s most populous state, contributed 7.1 per cent to the national manufacturing output.
In terms of employment, Maharashtra has performed exceptionally well, with 12.8 per cent of the total people employed in the manufacturing sector. Gujarat follows next with 12.6 per cent, while Uttar Pradesh contributed to 8.1 per cent.
In terms of the number of factories in operation, these three BJP-ruled states have secured top spots with Gujarat contributing 12.2 per cent at the 2nd rank, Maharashtra 10.4 per cent at the 3rd rank and Uttar Pradesh 7.5 per cent ranking 4th. NDA-ruled Andhra Pradesh ranks 5th with 6.5 per cent of factories.
Gujarat, Maharashtra, and Uttar Pradesh, in combination with Tamil Nadu and Karnataka, have emerged as the backbone of India’s manufacturing sector, together accounting for more than 50 per cent of India’s total manufacturing jobs, as per the survey.
Flight operation between Agartala-Delhi to be increased; resumption of flight operation between Agartala-Aizawl, Agartala-Shillong, says MP Biplab Kumar Deb
The former Chief Minister and presently the MP for West Tripura constituency Biplab Kumar Deb on Friday chaired the airport advisory committee meeting here at Agartala MBB Airport and said that there is a plan to increase direct flight operation from Delhi to Agartala.
Tripura: Bill proposes hike in salaries of CM, Ministers and MLAs upto 50pc
An Amendment Bill has been moved in the Tripura Assembly on Friday proposing the increase of salaries, allowances of Ministers, MLAs and former legislators by 45 to 50 per cent.
Winter assembly session begins in Tripura; Governor Indrasena Reddy Nallu lauds Govt’s effort in maintaining law and order in Tripura
In his speech in the sixth session of the 13th Tripura Legislative Assembly, the Governor said, “The state of Tripura is witnessing development in almost every sector including infrastructure, health care, education, agriculture and others under the guidance of the Centre and state leadership.”
TSF stages protest, demands to raise Roman script for Kokborok language in Assembly
The Twipra Student Federation (TSF), a wing of the North East Students Organisation (NESO), on Friday staged a protest near Circuit House in Agartala, demanding the issue of adopting the Roman script for the Kokborok language be raised in the winter session of the Tripura Legislative Assembly, which started today.
Govt to appoint over 400 Assistant Professors in colleges: CM
In a move to provide quality education to students studying in various colleges and to solve the crisis of Professors across the state, the Tripura government has taken a series of steps, including the appointment of 200 Assistant Professors,
Drug peddling: ED raids cop's residence, premises of suspected smugglers in Tripura
The Enforcement Directorate (ED) sleuths on Friday conducted raids in Tripura and searched the residence of a police official and premises of several people allegedly involved in drug peddling and money laundering cases, sources said.
Crucial winter session of Tripura Assembly to begin from tomorrow
The crucial winter session of the Tripura assembly would begin on Friday and a bill would be moved in the House amending the existing law to provide retirement benefits to all MLAs who have served even for just a day, officials said on Thursday.
Ex-CM accuses BJP of divisive politics to mask hide core issues
Former Tripura Chief Minister Manik Sarkar on Saturday criticized the ruling BJP, accusing it of fostering divisions among Hindus, Muslims, Tribals, and Non-Tribals to divert attention from pressing issues such as rising prices, unemployment, and economic hardships.