Share of wages in industry GVA is highest since 1992-93, shows data

Imputed cost of finance to industry rose, share of profits in GVA fell in 2018-19

The share of emoluments to workers, supervisors, and managers in gross value added (GVA) in factories has risen to its highest since 1992-93, an analysis of the recently released official industry data by Business Standard has found. 

Salaries and wages accounted for over 30 per cent of factory GVA in 2018-19, according to the Annual Survey of Industries (ASI) released by the National Statistical Office. 

At the same time, the share of profits in GVA declined over the last decade or so, while the share of interest paid dipped only marginally in 2018-19. 

Economists said that there could be several