Jobs in corporate sector, LLPs grew, proprietorships fell

New Delhi: Factories in the country increased by 1.7 per cent year-on-year to 2.46 lakh in 2019-20, employing a total of 1.3 crore workers, as per the provisional results of the Annual Survey of Industries (ASI) released by the Ministry of Statistics and Program Implementation. Gross fixed capital formation, an indicator of investment, grew 20.5 per cent to Rs 4.15 lakh crore in the organized manufacturing sector in 2019-20 as against a growth of 10.2 per cent at Rs 3.44 lakh crore in the previous fiscal, the data showed.