Slump in Manufacturing Sector

Growth rate of the Gross Value Added (GVA) at Basic Price at constant (2011-12) prices in manufacturing sector was 5.3 % in 2013-14 and 7.1 % in 2014-15. During April-September, 2015-16, it has shown a growth of 8.2 %. Thus, there is no decline in the growth of manufacturing sector.

The Government has initiated a vast number of measures including the Make in India initiative, opening up the FDI regime and enhancing Ease of Doing Business to drive manufacturing, innovation and design in India.

 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha.