Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%

India, Aug. 12 -- The Government of India has issued a release:

Indicator

2022-23

2023-24

2024-25 (FRE)

2025-26 (PE)

Share of Manufacturing in total GVA (in %)

14.7

14.7

14.5

14.8

Change over previous year (in %)

-

(+)12.7

(+)9.3

(+)10.7

The Ministry of Statistics and Programme Implementation (MoSPI) has revised the base year of the National Accounts Statistics from 2011-12 to 2022-23, and the revised series was released in February 2026. As per the revised series (2022-23 base), the contribution of the Manufacturing sector to India's Gross Value Added (GVA) at current prices and the growth rate of Manufacturing GVA at constant prices during the period 2022-23 to 2025-26 are given below:

Note: FRE-First Revised Estimates, P...