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The number of jobs in different industries rose by 4.4 per cent whereas the wages increased by 14.05 per cent in real terms in 2013-14, says a government survey.
The total number of persons engaged in different industries increased to 1.35 crore in 2013-14 from 1.29 crore in 2012-13, the ‘Annual Survey of Industries’ has stated.
According to the survey, total wages provided to factory workers rose 14.05 per cent in FY14 to ₹1.26 lakh crore from ₹1.10 lakh crore in FY13.
However, the gross capital formation, an indicator of investments, declined by 5.62 per cent to ₹4.21 lakh crore in FY14 from 4.46 lakh crore in the previous fiscal.
Gross fixed capital formation, another measure to gauge level of fresh investments, also declined to ₹3.53 lakh crore in FY14, from ₹3.57 lakh crore in the previous fiscal.
Profits output rise
The profitability of factories increased to ₹4.53 lakh crore in 2013-14 from ₹4.44 lakh crore in the previous fiscal. During 2011-12, the profits stood at ₹3.79 lakh crore.
The net value added or output, which does not include input and depreciation, increased to ₹9.09 lakh crore in the year under review, from ₹8.51 lakh crore in the previous fiscal. The net value was ₹7.64 lakh crore in 2011-12.
Indian economy had grown 6.6 per cent in 2013-14 compared with 5.6 per cent in 2012-13.
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