<h1>India's Industrial Sector Grows 9.5% in 2023-24; Manufacturing Leads with 5.2% Average Growth Over Last Decade.</h1> The Economic Survey 2023-24 highlights a 9.5 percent growth in India's industrial sector, with manufacturing leading at a 5.2 percent average annual growth over the past decade. Manufacturing contributed 14.3 percent to the gross value added in FY23 and accounted for 35.2 percent of output share, emphasizing its significant economic linkages. The HSBC India PMI for manufacturing consistently exceeded 50, indicating sustained growth. The Survey notes that 47.5 percent of output value is used as inputs in productive activities. Improvements in infrastructure, logistics, and deregulation are expected to boost competitiveness and expand manufacturing, enhancing semi-skilled employment opportunities.