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Initiatives to Arrest Slowdown in Industrial Production

Dated:- 4-3-2015 - The industrial growth, measured in terms of Index of Industrial Production (IIP), has declined during the last three years from 2.9% in 2011-12 to 1.1% in 2012-13 and further to (-) 0.1% in 2013-14. IIP has thereafter, recorded a positive growth of 2.1% (Provisional) during April-December in 2014-15. Several initiatives have been taken recently to give the necessary thrust for pacing up the industrial sector which enhances job opportunities, through policy amendments, procedur .....

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g domestic industry have been addressed. The recent amendments in Foreign Direct Investment (FDI) policy include allowing FDI in Defence up to 49% and FDI in Railway infrastructure up to 100%, easing the norms for FDI in construction and exempting FDI in medical devices from sectoral restrictions of pharmaceuticals. Improvement in Ease of Doing Business in India through simplification and rationalization of the existing rules and use of information technology to make governance more efficient an .....

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