Jobs rise 4.4%, wages up 14% in 2013-14

The number of jobs in different industries rose by 4.4 per cent whereas the wages increased by 14.05 per cent in real terms in 2013-14, says a government survey.
During 2013-14, the UPA alliance, led by Congress, ruled at the Centre. The NDA alliance led by BJP won Lok Sabha elections in May 2014.
The total number of persons engaged in different industries increased to 1.35 crore in 2013-14 from 1.29 crore in 2012-13, Annual Survey of Industries has stated.
According to the survey, total wages provided to factory workers rose by 14.05 per cent in 2013-14 to 1.26 lakh crore from Rs 1.10 lakh crore in 2012-13.

However, the gross capital formation, an indicator of investments, declined by 5.62 per cent to Rs 4.21 lakh crore in 2013-14 from 4.46 lakh crore in the previous fiscal.
Gross Fixed Capital Formation, another measure to gauge level of fresh investments, also declined to Rs 3.53 lakh crore in 2013-14, from Rs 3.57 lakh crore in the previous fiscal.

The profitability of factories increased to Rs 4.53 lakh crore in 2013-14 from Rs 4.44 lakh crore in the previous fiscal. During 2011-12, the profits were Rs 3.79 lakh crore.
The net value added or output, which does not include input and depreciation, increased to Rs 9.09 lakh crore in the year under review, from Rs 8.51 lakh crore in the previous fiscal. The net value was Rs 7.64 lakh crore in 2011-12.

Indian economy had grown at 6.6 per in 2013-14 while the economic growth rate for 2012-13 was 5.6 per cent.