Manufacturing - #SectorUpdates
Labour Bureau, Government of India conducts Quarterly Employment Survey (QES) for establishments having 10 or more workers. As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of 2.37 crores, as reported in the sixth Economic Census (2013-14) reflecting an overall growth of 29% and 22% for the Manufacturing Sector. To enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore had been announced in Union Budget 2021-22 for Production-Linked Incentive (PLI ) schemes for selected key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22. The Government has announced PLI schemes for 14 sectors including automobile and auto components, electronics and IT hardware, telecom, pharmaceuticals, solar modules, metals and mining, textiles and apparel, white goods, drones, and advanced chemistry cell batteries.