NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey

Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey

December 31, 2012 18:45 IST

The number of jobs in industries increased by 7.8 per cent while wages rose by 18.1 per cent in real terms in 2010-11, a government survey has said.

Total persons engaged in different industries were 1.27 crore (12.7 million) in 2010-11 compared to 1.17 crore (11.7 million) in 2009-10, according to the Annual Industries Survey released by the Ministry of Statistics and Programme Implementation on Monday.

In current prices, salaries jumped by 24.8 per cent in 2010-12, while in real terms, wages rose by 18.1 per cent, the survey said.

The sample size of the survey was 61,573, which represent 27 per cent of workforce in all the industries registered under Factories Act, 1948, and Bidi and Cigar Workers (Conditions & Employment) Act, 1966.

Among the industries, 'food products' (production units) generated the highest employment of 12.2 per cent followed by textile units at 11.5 per cent and basic metals at 8 per cent.

Tamil Nadu was leading state in providing employment with 15.4 per cent share, followed by Maharashtra at 13.4 per cent, Andhra Pradesh at 10.3 per cent and Gujarat at 10.1 per cent.

According to the survey, in terms of emoluments or compensation to employees, 'basic metals' units have the highest share of 11.2 per cent followed by machinery and equipment at 8.3 per cent and motor vehicles and trailers at 8 per cent.

Total number of factories were 211,660 in 2010-11, higher than 158,877 factories in 2009-10, the survey said.

At all India level, the fixed capital in current prices grew by 19 per cent in 2010-11 against 28 per cent growth in the last year.

At constant prices, the growth in fixed capital was 12.5 per cent in 2010-11 against 25 per cent in the previous year.

The highest fixed capital is observed in basic metal industry at 21.7 per cent followed by coke and refined petroleum products units at 9.6 per cent.

At state level, Gujarat has the highest fixed capital share of 17 per cent followed by Maharashtra at 14.5 per cent, Andhra Pradesh at 10 per cent and Tamil Nadu at 9.2 per cent.

A factory with an average investment of Rs 7.6 crore (Rs 76 million) in fixed capital provided gainful employment to 60 persons, produced goods and services at ex-factory prices worth Rs 22.14 crore (Rs 221.4 million) and contributed Rs 3.37 crore (Rs 33.7 million) to the national income by adding net value, the survey said.

Ta-Ta, Ratan: Tribute to an iconic Indian

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.