Economy · India
Manufacturing GVA Discrepancy Highlighted in Economic Data
Official National Accounts Statistics for 2023-24 report the manufacturing sector's Gross Value Added (GVA) at current prices as ₹38.6 lakh crore. However, an 'Alternative Estimate' utilizing data from the Annual Survey of Industries and the Annual Survey of Unincorporated Sector Enterprises presents a lower figure. A separate report indicates that the manufacturing sector requires 13.1% annual growth to reach a $7.5 trillion valuation by 2047.
How outlets across the spectrum covered it
L 1 C 1 R 0
- Left (1): The Hindu
- Centre (1): The Economic Times