Oct 12, 2021 05:56 PM IST
Industrial production had almost caught up with pre-pandemic levels by July. In August, this expanded significantly. In August, 2019, production had contracted by 7.3 percent.
- Oct 11, 2021 02:24 PM IST
Easing of restrictions and improved mobility, with the vaccination drive picking up momentum, has led to a gradual healing of the economy with the manufacturing and services sectors showing signs of a recovery and employment on the uptick.
- Oct 06, 2021 08:28 PM IST
India has been facing a major semi-conductor shortage since the outbreak of the COVID-19 pandemic due to global supply chain disruptions, which has forced domestic automobile companies and electronic manufacturers to cut production.
- Oct 01, 2021 10:55 AM IST
Manufacturing activity continued expanding at a slow pace in September at 53.7 after hitting a slowdown bump in August (52.3), but output remained much lower than the early months of 2021.
- Sep 28, 2021 12:04 PM IST
Notifying the scheme, the ministry also said that participating companies will have to undertake processing and operation activities in their own factory premises.
- Sep 28, 2021 10:05 AM IST
The company, called Hubei Xingji Technology Co Ltd, has signed a strategic cooperation agreement with the Wuhan Economic and Technological Development Zone to establish its headquarters in the central Chinese city where it will develop smart devices including smartphones.
- Sep 16, 2021 04:05 PM IST
- Sep 12, 2021 03:45 PM IST
The hike was also attributed to lower capacity utilisation, high freight charges and other logistic costs, increased cost of raw materials, power cost, and high-interest rates.
- Sep 10, 2021 05:57 PM IST
Industrial production has almost caught up with pre-pandemic levels. Compared to July, 2019, production was just 0,3 percent lower in the latest month.
- Sep 01, 2021 12:15 PM IST
Contrary to hopes of pent-up demand spurring consumption, output growth in the manufacturing sector slowed in August
- Aug 30, 2021 03:39 PM IST
India’s GDP growth contracted 24.4 percent during the first quarter last year. In absolute terms, the economic recovery has still not reached pre-pandemic levels, going by the RBI’s projections. The GDP data will be released on August 31.
- Aug 12, 2021 05:53 PM IST
Cumulative industrial production growth in the first quarter (Apr-Jun) of the FY22 financial year stood at 45 percent, as compared to the 35.6 percent contraction in the first quarter of FY21.
- Aug 12, 2021 04:42 PM IST
India's good deeds during the first wave, led to the wide ranging aid and supplies it received from other nations during the second wave.
- Aug 11, 2021 12:13 PM IST
The environmental impact of a growing manufacturing base needs to be managed better because denial is not an option.
- Jul 30, 2021 06:44 PM IST
The MSME sector is the second-largest employment creator, providing employment to an estimated 11 crore people. It contributes to 30 percent of the GDP and accounts for 48 percent exports. Still, the existing PLI schemes are meant only for the corporates, they say. If govt wants self-reliance in manufacturing, it is a must, they argue.
- Jul 28, 2021 02:40 PM IST
IT giant Tech Mahindra will hand in its Q1FY22 report card on July 28, 2021. According to street estimates, TechM’s performance is likely to be relatively weaker than its tier-1 tech peers. Watch the video to find out what to expect.
- Jul 22, 2021 06:57 PM IST
The report also said that some government policies are written in a way that can be discriminatory to foreign investors or favour domestic industry.
- Jul 22, 2021 04:45 PM IST
PLI scheme proposes to encourage eligible specialty steel manufacturers, by paying 4-12 percent incentive on incremental production.
- Jul 16, 2021 06:41 PM IST
Sales growth of IT sector companies accelerated to 6.4 percent in Q4FY21.
- Jul 12, 2021 05:43 PM IST
With the early part of 2020 witnessing nationwide shutdown, low base effects have thrown economic calculations haywire and resulted in volatile growth numbers. Economists say this will continue to mar industrial production figures till at least June.
- Jun 11, 2021 05:49 PM IST
With the early part of 2020 witnessing nationwide shutdown, low base effects have thrown economic calculations haywire and resulted in volatile growth numbers. Economists say this will continue to mar industrial figures till at least June.
- Jun 09, 2021 01:23 PM IST
From June 1 onwards, the government had temporarily permitted the resumption of oxygen supply for industrial use by key manufacturing sectors, pursuant to certain fixed limits. On June 8, the DPIIT further relaxed those targets allowing more oxygen for industrial use.
- Jun 02, 2021 08:33 PM IST
The Just In Time manufacturing that minimises the need to build up inventory is leaving companies at the mercy of pandemic-led disruptions
- Jun 02, 2021 07:47 PM IST
Chief Economic Advisor Krishnamurthy Subramanian admitted that regional lockdowns and a devastating second wave of pandemic had hit the economy in May 2021, compared to April and March
- Jun 01, 2021 04:40 PM IST
Though the sector clocked a 6.9 percent growth in Q4FY21 in the IHS Markit India index, it was calculated on the low base of the previous year, they say. With domestic demand suffering a setback across the country, the challenges to manufacturing continue and are expected to exacerbate in the coming quarter.