Manufacturing Growth

The government has constituted six sector-specific working groups to identify as many as 100 products for promoting their domestic manufacturing and reducing import dependence, an official said. "The aim is to promote indigenisation of those products," the official said. The groups will discuss the list of items for the purpose, and the final list prepared by them will be submitted to the cabinet secretariat within three weeks. The six groups are on pharmaceuticals, biotech and medical devices; chemicals and petrochemicals, textiles and footwear; capital goods, automotive and electric vehicles, advanced capital goods; energy; construction equipment and infrastructure; and defence and aerospace (only for items with civilian applicability) and electronics. The members of these groups are from different ministries and departments, including commerce, DPIIT, Niti Aayog, pharmaceuticals, economic affairs, science and technology, chemicals, textiles, heavy industry, ports and shipping, .

India's industrial output rises 4.9% in April under new IIP series, driven by manufacturing and capital goods growth

The concluding part of a series explores why India's medium-term real growth prospects are less robust than what the headline GDP numbers indicate

The government will notify the CIE incentive scheme by mid-2026 to boost domestic manufacturing, raise value addition, and attract investments in construction equipment

Budget 2026 sketches an ambitious AI- and cloud-led growth model, but sustained R&D investment will be crucial if India is to become a creator, not just a consumer, of technology

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At the bourses, meanwhile, Nifty India Manufacturing index, which has outperformed the market by surging 26 per cent in the past nine months

External Affairs Minister S Jaishankar on Saturday said politics increasingly "trumps" economics in the present era. Jaishankar was addressing a gathering after being conferred Honorary Doctorate by IIM-Calcutta at its campus here. "This is an era where politics increasingly trumps economics... and that is not a pun, he said. "The United States, long the underwriter of the contemporary system, has set radically new terms of engagement. It is doing so by dealing with countries on a one-on-one basis," Jaishankar said. He also said that China has long played by its own rules, and is doing so even now. The external affairs minister said in the ensuing scenario, other nations are unclear whether attention should be on visible competition or the trade offs and understandings that punctuate it. "Faced with such pulls and pressures of globalisation, of fragmentation and of supply insecurity, the rest of the world responds by hedging against all contingencies," Jaishankar said. He said I

The EMS firm expects commercial production from its Andhra Pradesh plant by March 2027, with an investment of Rs 1,595 crore and plans to create over 2,000 skilled jobs, says MD J S Gujral

Reform must also focus on how standards are adhered to. India still lacks an adequate accredited testing and certification infrastructure

Sensex Today | Stock Market close, Tuesday, July 1, 2025: In the broader markets, the Nifty Midcap100 settled flat, while Nifty Smallcap100 indices settled down by 0.10 per cent

April 2025 Manufacturing PMI: New orders, especially international demand, grew at the fastest rate in 14 years, driving manufacturing output growth in April

Apple sells over 220 million iPhones annually across seven models in various colours and storage options, making its complex manufacturing process heavily reliant on China's vast production scale

India's industrial production growth accelerated to 5 per cent in January 2025, driven by a rebound in manufacturing activity, according to official data released on Wednesday. The government has also revised the December 2024 industrial output figure to 3.5 per cent from the provisional estimate of 3.2 per cent released in the previous month, an official statement said. The IIP growth in November 2024 was 5 per cent. The pace of factory output growth stood at 5 per cent in January 2025. The country's factory output, measured in terms of the Index of Industrial Production (IIP), witnessed 4.2 per cent growth in January 2024. The data released by the National Statistic Office (NSO) showed that the manufacturing sector's output grew by 5.5 per cent in January 2025, up from 3.6 per cent in the year-ago month. Mining production growth declined to 4.4 per cent from 6 per cent year-on-year. Power output growth slowed to 2.4 per cent in January 2025 from 5.6 per cent a year ago. In th

Motor vehicle inventories declined 2.2 per cent while those of computer equipment fell 1.3 per cent. There were also decreases in stocks of machinery

HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5

Capital intensity adds horsepower to the sector in latest ASI data

The Ifo institute said its business climate index declined to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts

Nations that are important nodes in factory supply chains enjoyed an acceleration in March

A gauge of non-manufacturing activity rose to 51.4, versus an estimate of 50.7, helped by a pickup in travel and tourism during a recent long holiday