ASI Manufacturing Intelligence: Beyond Headline IIP Numbers
Leveraging the Annual Survey of Industries for institutional EM positioning.
2026-02-08
GraphiQuestor Research
1 min read
ASI Manufacturing Intelligence: Beyond Headline IIP Numbers
While the Index of Industrial Production (IIP) provides a monthly pulse, the Annual Survey of Industries (ASI) provides the structural skeleton of the Indian manufacturing story.
Sectoral Gross Value Added (GVA)
By analyzing ASI data, we can see exactly where the "Value Addition" is happening. Is it in low-margin assembly or high-margin precision engineering? The delta in sectoral GVA is the ultimate signal for long-term equity allocation in the manufacturing space.
Capital Formation Trends
Data from the ASI reveals which sectors are reinvesting in fixed assets. This "Physical Capital Formation" is the prerequisite for the next leg of India's growth cycle.
The GraphiQuestor Edge
We provide direct integration with MoSPI's ASI infrastructure, delivering insights that lagging Western terminals cannot replicate.
Source: MoSPI ASI, GraphiQuestor Industrial Pulse.
GraphiQuestor Research
GraphiQuestor Research team — institutional macro analysts specializing in emerging market volatility, sovereign risk, and monetary regime transitions.
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