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  • September IIP rises 3% as low base effect wears off Nov 12, 2021 05:42 PM IST

    September IIP rises 3% as low base effect wears off

    Measured by the Index of Industrial Production (IIP) data, which was released by the Centre on November 12, industrial output maintained growth in the latest month even though the headline figures fell.

  • India's manufacturing PMI rises to 55.9 in October Nov 01, 2021 10:52 AM IST

    India's manufacturing PMI rises to 55.9 in October

    India’s manufacturing PMI stood at 55.9 in October, up from 53.7 in September and 52.3 in August.

  • ICC T20 World Cup | Made in Kashmir gear scores right off the bat in international debut Oct 23, 2021 01:10 PM IST

    ICC T20 World Cup | Made in Kashmir gear scores right off the bat in international debut

    In the Kashmir Valley, young entrepreneurs like Fawzul Kabeer (GR8 Sports) are no longer content to sell Kashmiri willow wood and unbranded cricket bats.

  • August IIP holds firm at 11.9% as low base effect wears off Oct 12, 2021 05:56 PM IST

    August IIP holds firm at 11.9% as low base effect wears off

    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.

  • India economy moving towards normalcy Oct 11, 2021 02:24 PM IST

    India economy moving towards normalcy

    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.

  • Govt to soon announce policy for semi-conductor manufacturing: Union Minister Rajeev Chandrasekhar Oct 06, 2021 08:28 PM IST

    Govt to soon announce policy for semi-conductor manufacturing: Union Minister Rajeev Chandrasekhar

    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.

  • India's manufacturing PMI recovers slightly in September even as pace of growth remains muted Oct 01, 2021 10:55 AM IST

    India's manufacturing PMI recovers slightly in September even as pace of growth remains muted

    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.

  • Only manufacturing firms registered in India to be eligible under Rs 10,683 crore PLI scheme for textiles sector Sep 28, 2021 12:04 PM IST

    Only manufacturing firms registered in India to be eligible under Rs 10,683 crore PLI scheme for textiles sector

    Notifying the scheme, the ministry also said that participating companies will have to undertake processing and operation activities in their own factory premises.

  • Geely says founder moves into smartphone manufacturing Sep 28, 2021 10:05 AM IST

    Geely says founder moves into smartphone manufacturing

    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.

  • What is the PLI scheme, how does it work? Sep 16, 2021 04:05 PM IST

    What is the PLI scheme, how does it work?

  • Outlook for manufacturing in Q2 improves significantly; cost of doing business rises: FICCI survey Sep 12, 2021 03:45 PM IST

    Outlook for manufacturing in Q2 improves significantly; cost of doing business rises: FICCI survey

    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.

  • July IIP sees slower YoY growth at 11.5% as low base effect wears off Sep 10, 2021 05:57 PM IST

    July IIP sees slower YoY growth at 11.5% as low base effect wears off

    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.

  • Preview | Low base may see Q1 GDP growth hit record, conceal second-wave impact Aug 30, 2021 03:39 PM IST

    Preview | Low base may see Q1 GDP growth hit record, conceal second-wave impact

    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.

  • June IIP rises 13.6% YoY due to low base effect Aug 12, 2021 05:53 PM IST

    June IIP rises 13.6% YoY due to low base effect

    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.

  • COVID-19 crisis | India stood out in helping other nations: S Jaishankar Aug 12, 2021 04:42 PM IST

    COVID-19 crisis | India stood out in helping other nations: S Jaishankar

    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.

  • Hello World | China’s loss could be India’s gain. But not without environmental risks Aug 11, 2021 12:13 PM IST

    Hello World | China’s loss could be India’s gain. But not without environmental risks

    The environmental impact of a growing manufacturing base needs to be managed better because denial is not an option.

  • Why not a dedicated PLI scheme for MSMEs, experts ask govt Jul 30, 2021 06:44 PM IST

    Why not a dedicated PLI scheme for MSMEs, experts ask govt

    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.

  • India enacting ambitious structural reforms but remains challenging place to do business: US Investment Climate Report 2021 Jul 22, 2021 06:57 PM IST

    India enacting ambitious structural reforms but remains challenging place to do business: US Investment Climate Report 2021

    The report also said that some government policies are written in a way that can be discriminatory to foreign investors or favour domestic industry.

  • Cabinet approves Rs 6,322 crore production-linked incentive scheme for specialty steel Jul 22, 2021 04:45 PM IST

    Cabinet approves Rs 6,322 crore production-linked incentive scheme for specialty steel

    PLI scheme proposes to encourage eligible specialty steel manufacturers, by paying 4-12 percent incentive on incremental production.

  • Sales of manufacturing companies rose 31 percent in January-March, helped by base effects: RBI Jul 16, 2021 06:41 PM IST

    Sales of manufacturing companies rose 31 percent in January-March, helped by base effects: RBI

    Sales growth of IT sector companies accelerated to 6.4 percent in Q4FY21.

  • May IIP rises 29.3% YoY due to low base effect Jul 12, 2021 05:43 PM IST

    May IIP rises 29.3% YoY due to low base effect

    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.

  • April IIP shoots up 134% YoY due to low base effect Jun 11, 2021 05:49 PM IST

    April IIP shoots up 134% YoY due to low base effect

    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.

  • Industrial oxygen: DPIIT further relaxes norms for mandatory diversion Jun 09, 2021 01:23 PM IST

    Industrial oxygen: DPIIT further relaxes norms for mandatory diversion

    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.

  • Even limited available data shows May was bad for the economy Jun 02, 2021 07:47 PM IST

    Even limited available data shows May was bad for the economy

    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

  • Exclusive | Woes for manufacturing sector to continue, irrespective of jump in Q1FY22, say experts Jun 01, 2021 04:40 PM IST

    Exclusive | Woes for manufacturing sector to continue, irrespective of jump in Q1FY22, say experts

    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.

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