When UPA Was in Power, Jobs Rose By 4.4% and Wages By 14%

Investments however declined by 5.62 percent to Rs 4.21 lakh crore in 2013-14.

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Wages increased by 14.05 percent in real terms in 2013-14. (Photo: iStockPhoto)

The number of jobs in different industries rose by 4.4 percent whereas the wages increased by 14.05 percent in real terms in 2013-14, says a government survey.

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 percent 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 percent to Rs 4.21 lakh crore in 2013-14 from 4.46 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 percent in 2013-14 while the economic growth rate for 2012-13 was 5.6 percent.

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