India GDP/GVA From Manufacturing Sector

India GDP/GVA from Manufacturing: Key Updates

 Latest Release
May, 2025

Value(Constant)– Q4 (2024–25)
8,29,955 (₹ Crore)

Value(Constant) – Q3 (2024–25)
6,96,049 (₹ Crore)

Source: Ministry of Statistics & Programme Implementation (MOSPI)

Quarterly GVA Manufacturing Summary – Q4 FY 2024–25 (Jan–Mar)

Manufacturing Sector Output: Real GVA (Constant 2011–12 Prices)

  • Q4 2024–25: ₹8.30 lakh crore (approx. $100 billion)
  • Q4 2023–24: ₹7.91 lakh crore (approx. $95 billion)
  • Growth Rate: 4.8% year-on-year

India’s manufacturing sector recorded a real GVA of ₹8.30 lakh crore in Q4 2024–25, reflecting a 4.8% annual growth. This inflation-adjusted figure highlights strong performance driven by industrial output and infrastructure-led demand.

Manufacturing Sector Output: Nominal GVA (Current Prices)

  • Q4 2024–25: ₹11.82 lakh crore (approx. $142 billion)
  • Q4 2023–24: ₹10.96 lakh crore (approx. $132 billion)
  • Growth Rate: 7.8% year-on-year

At current prices, the nominal GVA from manufacturing rose to ₹11.82 lakh crore in Q4 2024–25, up 7.8% from the previous year. This growth reflects both increased output and improved pricing across industrial sectors.

Quarter-wise Real GVA from Manufacturing (2024–25)

  • Quarter 1 – ₹7.07 lakh cr
  • Quarter 2 – ₹7.21 lakh cr
  • Quarter 3 – ₹6.96 lakh cr
  • Quarter 4 – ₹8.30 lakh cr

Quarterly Highlights

  • Consistent quarterly expansion despite global headwinds
  • Strong contributions from automobiles, cement, and consumer goods
  • Higher capacity utilization and better supply chain efficiency
  • Boosted by capital expenditure and Make in India policy push

Note: This page presents Gross Value Added (GVA) data for the Manufacturing sector, which is often referred to as “GDP from Manufacturing” in public usage. GVA is the sectoral component that contributes to the overall GDP.

Quarter-wise GDP/GVA from Manufacturing Chart

India GDP/GVA Manufacturing Sector Chart - Historical Quarter Wise Data & Trends

India's GVA Manufacturing Sector Chart - Historical & Current Trends

Annual GDP/GVA from manufacturing Updates

Annual GVA Manufacturing Summary Estimates (2024–25)

Annual Real Output from Manufacturing GVA (Constant Base Year: 2011–12)

  • 2024–25: ₹29.54 lakh crore (approx. $356 billion)
  • 2023–24: ₹28.26 lakh crore (approx. $340 billion)
  • Growth rate: 4.5% year-on-year

India’s manufacturing sector generated a real GVA of ₹29.54 lakh crore (approx. $356 billion) in FY 2024–25, reflecting a 4.5% inflation-adjusted growth. The sector showed a moderate but steady recovery after strong gains in previous years.

Annual Nominal Output from Manufacturing GVA (Current Prices)

  • 2024–25: ₹41.69 lakh crore (approx. $502 billion)
  • 2023–24: ₹39.20 lakh crore (approx. $472 billion)
  • Growth rate: 6.3% year-on-year

At current prices, the manufacturing sector’s nominal GVA rose to ₹41.69 lakh crore (approx. $502 billion), growing 6.3% over FY 2023–24. This includes real output gains and price variations across manufacturing sub-sectors.

Annual Highlights

  • Moderate real growth following two consecutive years of double-digit expansion
  • Output is driven by sectors like automobiles, electronics, and pharmaceuticals
  • Improvement in input cost stability and production efficiency
  • Momentum supported by Make in India, PLI schemes, and global supply chain diversification
  • Contribution to total GVA: approx. 17.2%, maintaining its role as a key industrial pillar

Note: This page presents Gross Value Added (GVA) data for the Manufacturing sector, which is often referred to as “GDP from Manufacturing” in public usage. GVA is the sectoral component that contributes to the overall GDP.

Annual GDP/GVA from manufacturing Chart

Bar chart showing India's GDP from the manufacturing sector between 1980 – 2025 in ₹ crore, at both constant and current prices.
India's Manufacturing Sector GDP (1980–2025) in ₹ crore, shown at constant (2011–12) and current prices. Source: MOSPI

FAQs

What is GVA from Manufacturing?

GDP from Manufacturing refers to the total value of goods produced by the manufacturing sector within India during a specific time period. It’s part of the Gross Value Added (GVA) and contributes to the overall GDP.

It is calculated using the Gross Value Added (GVA) method, which measures the value of output produced minus the value of intermediate inputs. The data comes from:

  • Index of Industrial Production (IIP)
  • Company financials
  • Sectoral surveys (e.g. cement, steel, automobiles)
  • Government and private sector data
  • Real GVA: Adjusted for inflation; shows true production volume at 2011–12 prices. 
  • Nominal GVA: Includes inflation; reflects current market value in today’s prices.

The manufacturing sector contributes around 17–18% of India’s GVA, supports large-scale employment, especially in MSMEs, and is a key driver for exports, investment, and infrastructure.

GVA from manufacturing is released: Quarterly as part of India’s GDP estimates and annually in detail through MoSPI’s GDP and GVA reports.

We update the manufacturing GVA figures using the official data released by the Government of India, primarily sourced from the National Statistics Office (NSO) and, the Ministry of Statistics and Programme Implementation (MoSPI). Data is updated immediately after official press releases.

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If you notice any discrepancies in the data or find any inaccuracies, please let us know. We will review and correct them as soon as possible.

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