The large-scale manufacturing industry is driven primarily by QIM data (from July 2021 to March 2022) which shows an increase of 10.48pc. Major contributors to this growth are food (11.67pc), tobacco (16.7pc), textile (3.19pc), wearing apparel (33.95pc), wood products (157.5pc), chemicals (7.79pc), iron & steel products (16.55pc), automobiles (54.10pc), furniture (301.83pc) and other manufacturing (37.83pc). The electricity, gas and water industry shows a growth of 7.86pc, mainly due to an increase in subsidies in 2021-22.
An upward trend in the growth was also seen in the revised figures for the year 2020-21, when it was estimated at 5.74pc, which was provisionally projected at 5.57pc. The size of the economy rose to $380 billion in 2021-22 from the revised figure of $346.76bn the previous year. The revised GDP growth rate for the year 2020-21 is 5.74pc, which was provisionally estimated at 5.57pc. The crops sub-sector has improved from 5.92pc to 5.96pc. Other crops have improved from provisional growth of 8.08pc to 8.27pc in revised estimates. Value added in the construction industry, mainly driven by construction-related expenditures by industries, has registered a modest growth of 3.14pc in 2021-22 against 2.48pc the previous year, mainly due to an increase in general government spending.
The growth in important crops during this year is 7.24pc against last year’s 5.83pc. The growth in production of important crops — cotton, rice, sugarcane and maize — are estimated at 17.9pc, 10.7pc, 9.4pc and 19pc, respectively. The overall industrial sector shows an increase of 7.19pc in 2021-22, while it recorded a growth of 7.81pc in 2020-21. In the agriculture sector, a robust growth was seen in four major crops — cotton, rice, sugarcane and maize — while a dip was noted in wheat production.
Original Link: https://www.dawn.com/news/1690400