<h1>Economic Survey 2022-23: Industrial Sector GVA up 3.7%, PFCE hits record GDP share, strong FDI growth in manufacturing.</h1> The Economic Survey 2022-23 highlights a 3.7% rise in the Industrial Sector's Gross Value Added (GVA) in the first half of FY23. Private Final Consumption Expenditure (PFCE) reached its highest share of GDP since FY15. Foreign Direct Investment (FDI) in manufacturing saw significant growth, despite a dip in early FY23 due to global uncertainties. The survey notes robust growth in bank credit to industries, particularly MSMEs, aided by government schemes. Key sectors like pharmaceuticals, electronics, and automobiles showed strong performance, with India becoming the third-largest automobile market. The Performance Linked Incentive (PLI) scheme is expected to boost manufacturing and employment significantly.