2.10 crore people engaged; 1.67 crore of them shop-floor workers
Value added per person₹1,06,928
Net profit per person₹45,873
Pay per person (all staff)₹31,871
Wage per shop-floor worker₹19,003
Wages kept climbing. Profit per head stopped.
Monthly wage per shop-floor worker vs annual net profit per person engaged
YearWage/moProfit
2020-21
₹14,730₹3.82 L
2021-22
₹16,199₹5.52 L
2022-23
₹17,098₹5.28 L
2023-24
₹18,041₹5.48 L
2024-25
₹19,003₹5.50 L
Wages per worker: +29% since 2020-21, +17% since 2021-22. Total factory profit: +88% since 2020-21 — but almost all of that came in the post-Covid rebound year (2020-21 base).
₹5.5 lakh
Net profit per person engaged in 2024-25 — no higher than in 2021-22. Factories grew by adding people and capital, not by earning more on each of them.
₹5.52 L (2021-22) → ₹5.50 L (2024-25). Invested capital rose 11.1% last year; net profit rose 7.7%.
What it means for you
SalariedThe average shop-floor wage rose 5.3% last year, to ₹19,003 a month. Total pay for all staff, managers included, works out to ₹31,871.
FoundersA useful benchmark: each person in a factory adds about ₹12.8 lakh of value a year, and payroll takes about 30% of it.
Business leadersProfit per head has been flat for three years at about ₹5.5 lakh, while fixed capital per person is ₹24.3 lakh. Scale is rising faster than returns.