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Performance of Industrial Sector

Dated:- 31-7-2015 - The performance of industrial growth in terms of Index of Industrial Production (IIP) including manufacturing, capital goods and consumer durables for last three years and the current year, sector-wise is given below: Index of Industrial Production (IIP) Growth Rates (Base: 2004-05) (in %) Groups 2012-13 2013-14 2014-15 Apr-May 2015-16 Sectoral Classification Mining -2.3 -0.6 1.4 1.5 Manufacturing 1.3 -0.8 2.3 3.2 Electricity 4.0 6.1 8.4 2.8 General Index 1.1 -0.1 2.8 3.0 Use .....

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uring current financial year (April-May, 2015-16). As per new series of National Accounts Statistics (NAS), released by Central Statistics Office (CSO) recently, the shares of industrial sector in Gross Value Added (GVA) at basic prices at constant (2011-12) prices was 32.3% in 2012-13, 31.7 % in 2013-14, and 31.4 % in 2014-15. The share of manufacturing in GVA was 18.3 % in 2012-13 and 18.1 % both in 2013-14 and 2014-15. However, the shares of capital goods and consumer durables in GVA are not .....

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to accelerate the growth of industrial sector. For creation of conducive business environment, the Government is constantly simplifying and rationalizing the processes and the procedures for boosting investor sentiment, simplifying the Foreign Direct Investment (FDI) policy and correcting the inverted duty structure. Some of the recent initiatives towards this end include pruning the list of industries that can be considered as defence industries requiring industrial license, two extensions of t .....

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