Time is running out to revive India’s manufacturing sector
2 weeks, 5 days ago

Time is running out to revive India’s manufacturing sector

Live Mint  

Among these was weak manufacturing, which grew only 2.2%. While the debate on whether this is cyclical or structural is likely to continue, there is certainly a cause for worry as far as the manufacturing sector is concerned. From 2017-18 to 2022-23, enterprises in the organized manufacturing sector increased at 1.3% annually. The number of workers in the organized factory sector increased at 3.5% per year between 2014-15 and 2022-23. Demand deficiency in the economy may have contributed to the manufacturing sector’s woes, with the twin shocks of demonetization and GST worsening the situation.

India Growth Manufacturing Workers Million Sector Gva Enterprises Organized Unorganized  increased  revive  unorganized  growth  manufacturing  million  sector  workers  enterprises  indias  organized  running  202223

History of this topic

India's manufacturing activity grew at its weakest pace in 2024
1 week, 5 days ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
1 week, 5 days ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Building on the revival of the manufacturing sector
1 month, 1 week ago

Building on the revival of the manufacturing sector

The Hindu  

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat
5 months, 3 weeks ago

Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat

Live Mint  

As promised in the Interim Budget 2024-2025 by finance minister Nirmala Sitharaman, it was heartening to see the detailed and comprehensive road map for Viksit Bharat in the full budget. In fact, inspired by Prime Minister Narendra Modi’s vision, FICCI’s four priority areas, namely manufacturing, farm-led growth, women-led development and sustainability, closely mirror the thrust areas highlighted in the budget. …

There is no discord over India’s growth and employment trends
10 months, 4 weeks ago

There is no discord over India’s growth and employment trends

Live Mint  

Coming to manufacturing, between 1998-99 and 2003-04, employment growth was 7.3 million. There is a clear slowdown in manufacturing employment growth between 2008-09 and 2013-14. So, it stands to reason that the decline in agricultural employment, which was of the order of 17.8 million, was absorbed by services and other sectors, given that the economy as a whole added 13.1 …

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec
1 year ago

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec

ABP News  

India’s manufacturing sector logged a decline as the sector’s growth declined to an 18-month low of 54.9 in December owing to a muted increase in factory orders and output, despite minimal inflation, the monthly survey conducted by S&P Global revealed on Wednesday. The HSBC India Manufacturing PMI survey, conducted by the rating agency S&P Global, found that factory orders and …

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data
1 year, 5 months ago

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data

India TV News  

A recent data released by the National Statistical Office revealed that India’s industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production grew by 12.6 per cent in June 2022. The data released by the NSO also showed that the manufacturing sector’s output increased …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 7 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

Manufacturing PMI up but watch out for a spanner in the works
2 years ago

Manufacturing PMI up but watch out for a spanner in the works

Live Mint  

Business activity in India’s manufacturing sector saw a sharp upturn in December. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index rose to 57.8, up from 55.7 in November, aided by robust inflows of new business. View Full Image On the rise Keep an eye on these economic indicators in 2023 IBC plot twist may let defaulters keep the …

Indian manufacturing ends 2022 on a high: PMI data
2 years ago

Indian manufacturing ends 2022 on a high: PMI data

The Hindu  

India’s manufacturing sector recorded its sharpest uptick in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. With overall demand strong and …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey
2 years, 2 months ago

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey

The Hindu  

The growth momentum which has been witnessed by India's manufacturing sector for the past few months is likely to stay for the next six to nine months, according to the latest quarterly survey by Ficci. The future investment outlook also slightly improved as compared to previous quarter as close to 40 per cent respondents reported plans for capacity additions in …

India's manufacturing activities remain strong in October: survey
2 years, 2 months ago

India's manufacturing activities remain strong in October: survey

The Hindu  

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. “The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum,” Pollyanna De Lima, economics …

Industrial Production Grows 7.1% in April on Better Performance, at 8-Month High
2 years, 7 months ago

Industrial Production Grows 7.1% in April on Better Performance, at 8-Month High

News 18  

New Delhi: Industrial output grew by 7.1 per cent in April on better performance by power and mining sectors, as per government data released on Friday. Manufacturing sector recorded a growth of 6.3 per cent in the first month of the current financial year, as per the data released by the National Statistical Office. As per the use-based classification, the …

Strong infra crucial for growth
2 years, 7 months ago

Strong infra crucial for growth

The Hindu  

The Indian government launched its ‘Make in India’ initiative in September 2014 to focus on the growth of the manufacturing sector. India’s weak infrastructure continues to be one of the biggest challenges for the manufacturing sector. India has come a long way in developments like digitalisation across state boundaries, building inter-connected expressways, better power facilities etc., but we are still …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months
3 years, 5 months ago

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months

Op India  

As per the IHS’s recently released monthly Survey, India’s manufacturing sector witnessed the strongest growth in the manufacturing sector in July in the last three months. Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 48.1 in June to 55.3 in July. Pollyanna De Lima, Economics Associate Director at IHS Markit said, …

India's manufacturing sector activity strengthens in January
3 years, 11 months ago

India's manufacturing sector activity strengthens in January

The Hindu  

India's manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 56.4 in December to 57.7 in January, to signal the strongest …

India Inc on recovery path; 53% companies to raise headcount in 2021: Report
3 years, 11 months ago

India Inc on recovery path; 53% companies to raise headcount in 2021: Report

India TV News  

Even as India's hiring activities declined last year due to the coronavirus pandemic, there is a sudden increase in demand with about 53 per cent of companies saying they are planning to increase their headcounts in 2021, according to a survey. The pandemic adversely impacted economies across Asia-Pacific, including India, which had entered 2020 with robust hiring activities, according to …

India's Manufacturing Sector Activity Strengthens in December, Says Survey
4 years ago

India's Manufacturing Sector Activity Strengthens in December, Says Survey

News 18  

India’s manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index was at 56.4 in December, a tick higher than November’s reading of 56.3 and above the …

India's Manufacturing Poised to Witness Recovery in July-September Quarter, Says FICCI's Survey
4 years, 1 month ago

India's Manufacturing Poised to Witness Recovery in July-September Quarter, Says FICCI's Survey

News 18  

India’s manufacturing sector is poised to witness recovery in the July-September quarter, even as hiring outlook for the segment remains bleak, according to a survey. The proportion of respondents reporting higher output during July-September rose to 24 per cent, as compared to 10 per cent in the previous quarter. However, hiring outlook for the sector, though improving slightly, shows a …

2020 could be for manufacturing what 1991 was for our economy
4 years, 2 months ago

2020 could be for manufacturing what 1991 was for our economy

Live Mint  

India, once a predominantly agrarian economy, has come to be acknowledged globally as a software/ information technology giant. While there have been state interventions aimed at industrialization, ranging from the “temples of modern India” to special economic zones, an Indian manufacturing revolution never really took off in earnest. His government launched an ambitious “Make in India” programme in September 2014 …

Government working to make India as global manufacturing hub: Niti Aayog CEO
4 years, 3 months ago

Government working to make India as global manufacturing hub: Niti Aayog CEO

Live Mint  

The government has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports, Niti Aayog CEO Amitabh Kant said on Tuesday. "The Government of India has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports.Aatmanirbhar Bharat does not mean …

India's Mfg Sector Activity Returns to Growth in August as Demand Picks Up: PMI
4 years, 4 months ago

India's Mfg Sector Activity Returns to Growth in August as Demand Picks Up: PMI

News 18  

India's manufacturing sector activity re-entered the growth territory in August, driven by a rebound in production volumes and new work, amid an improvement in customer demand following the resumption of business operations, a monthly survey showed on Tuesday. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index rose from 46 in July to 52 in August, signalling an …

Manufacturing, Construction and Hospitality Sectors Leading India to its Worst Recession Ever?
4 years, 4 months ago

Manufacturing, Construction and Hospitality Sectors Leading India to its Worst Recession Ever?

News 18  

According to data released by National Statistical Office on Monday, all key sectors except agriculture witnessed contractions. The Gross Domestic Product data for the first quarter of the ongoing financial year said that the country witnessed its worst contraction ever. So far, the UK economy had seen the biggest slump in June quarter GDP among the top 20 economies of …

Industrial production falls record 16.7% in March on poor show by mining, manufacturing, electricity
4 years, 8 months ago

Industrial production falls record 16.7% in March on poor show by mining, manufacturing, electricity

Firstpost  

India’s industrial production contracted by a record 16.7 percent in March, on account of the poor show by mining, manufacturing and electricity sectors mainly due to the nationwide lockdown, government data showed on Tuesday New Delhi: India’s industrial production contracted by a record 16.7 percent in March, on account of the poor show by mining, manufacturing and electricity sectors mainly …

Misses in manufacturing
4 years, 10 months ago

Misses in manufacturing

The Hindu  

ONE of the highlights of the latest Economic Survey is its optimism that India will be able to create 40 million well-paid jobs in manufacturing by 2025. According to the recent Periodic Labour Force Survey, manufacturing employment in India in 2017-18 was only 60.2 million, which was 12.8 per cent of the country’s total workforce in that year. According to …

India's manufacturing sector activity growth inches up in November, but remains subdued: PMI survey
5 years, 1 month ago

India's manufacturing sector activity growth inches up in November, but remains subdued: PMI survey

Firstpost  

New Delhi: The country’s manufacturing sector activity inched up in November, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said on Monday. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a …

Jobs-intensive sectors slump
5 years, 4 months ago

Jobs-intensive sectors slump

Deccan Chronicle  

Hyderabad: The industrial production in India has reportedly grown by 4.3 per cent in July 2019, according to government data released Thursday. Though the industrial production has slowed considerably compared to 6.5 per cent growth in July 2018, the headline growth number has remained positive. According to the numbers released by the ministry of statistics and programme implementation, the textiles …

To create jobs, an industrial policy focused on labour-intensive industries is key
5 years, 7 months ago

To create jobs, an industrial policy focused on labour-intensive industries is key

Hindustan Times  

Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991 This is the opposite of what was achieved in Japan, Korea, Taiwan and China. By contrast, in India the labour intensive manufacturing sectors like food processing, …

Thanks to ‘Make in India’, India’s manufacturing expands to hit 14-month high amidst slump in Asia: Nikkei Asian Review
5 years, 10 months ago

Thanks to ‘Make in India’, India’s manufacturing expands to hit 14-month high amidst slump in Asia: Nikkei Asian Review

Op India  

Despite major emerging economies in the region recording a slump in their manufacturing activity, India has emerged as an exception, as the manufacturing activity is expanding at the fastest rate in 14 months, reports Nikkei Asian Review. The monthly Nikkei PMI survey collects the data from companies in major Asian countries except for China regarding changes in output, orders and …

India's manufacturing sector to record robust growth in Q2: Report
6 years, 3 months ago

India's manufacturing sector to record robust growth in Q2: Report

India TV News  

India's manufacturing sector output is expected to register robust growth in the July-September quarter on account of higher production even as the hiring outlook for the sector remains subdued, a survey said Thursday. A total of 61 per cent respondents said output will grow during July-September 2018 quarter from 49 per cent in April-June 2018, the survey said. This is …

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