Question
According to the Annual Survey of Industries (ASI)
results for 2023–24, by what percentage did Gross Value Added (GVA) in current prices grow over the previous year?Solution
The ASI 2023–24 results report that Gross Value Added (GVA) grew by 11.89% in current prices compared with the previous year. The ASI provides a comprehensive statistical picture of manufacturing activity, and this GVA growth figure is a headline metric indicating nominal expansion in value added within the industrial sector for the period April 2023–March 2024.
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