India's GVA Growth

The top ten industries accounted for 71 per cent of the manufacturing GVA in FY24, with a handful - basic metals, motor vehicles, chemicals, food products and pharmaceuticals - dominating

Goyal further remarked that the world is increasingly viewing India as a manufacturing hub

Various analysts that Business Standard spoke to put GDP growth in the range of 7 to 8.5 per cent for Q1 of FY24

Steel consumption, commercial vehicle sales and some other sectors help economy

Simply put, farmers are paying a higher price for their agri inputs and for services such as health and education, as compared to the price they receive on the sale of their produce

15-20% of economy informal now as against 52% in FY18; digitisation, gig economy key drivers: Study

Comes in the backdrop of 0.7% growth in India's annualised GDP at current price

Imputed cost of finance to industry rose, share of profits in GVA fell in 2018-19

Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand

The principal demand impetus for growth comes from the bottom half of income distribution

Even as GVA growth slowed down in FY17, the number of workers employed by factories rose by 4.7 per cent to 11.6 million in FY17, up from 1.11 crore in FY16

The July-September quarter saw strengthening of consumption-related indicators