PMI at 8 months low 56.6
The pace of manufacturing remained slow in September. PMI at 8-month low of 56.6, but employment opportunities increase in 2022-23. In the manufacturing sector, employment opportunities increased by 55 percent in Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Karnataka. Industrial output, metal, petroleum, food products, chemical and motor vehicle industries saw the highest growth of 21.5 percent in 2022-23.
This is how employees increased in manufacturing
year number growth rate
2018-19 1.60
2019-20 1.70 1.8 percent
2020-21 1.61 -3.6 percent
2021-22 1.72 7.5 percent
2022-23 1.84 7.6 percent
(Number of employees in crores)
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salary increased so much
annual salary increase
2018-19 1.69
2019-20 1.75 4 percent
2020-21 1.77 0.8 percent
2021-22 1.94 10 percent
2022-23 2.05 5.5 percent
The production of manufacturing sector remained this much
year total production growth rate
2018-19 34.7
2019-20 36.4 4.9 percent
2020-21 36.9 1.4 percent
2021-22 37.3 1.1 percent
2022-23 41.2 10.5 percent
(Value of total production in lakh crore rupees)
Manufacturing PMI in 2024-25
Mah Manufacturing
April 58.8
May 57.5
June 58.3
July 58.1
August 57.5
September 56.5