Page 6 - India's Manufacturing Sector

Stop the protectionist trend

Budget should reverse two-year slide towards closed economy

India needs to strengthen manufacturing to achieve $5 trn economy: Prabhu

He also said that exports are going to be the main driver of economic growth

Rise in new orders boosts manufacturing PMI to 7-month high in December

But weak market conditions keep firms spooked and business optimism low

India Inc emphasises on exports of local goods for becoming $5 trn economy

The executives stressed on the need for Indian manufacturing to become globally competitive and join global value chain as the key ingredients for becoming a $5-trillion economy

Manufacturing PMI improves to 51.2 in Nov, but demand remains subdued

Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said.

India's sluggish animal spirits signal no recovery in economic growth

Businesses are pinning their hopes on a revival in consumer demand during the upcoming Diwali religious festival in India

Downward spiral: Industrial output shrinks by 1.1%; at nearly 7-year low

The Index of Industrial Production (IIP) is now expected to remain muted this fiscal year

Tax cuts: Knee-jerk or part of a plan?

Like fans of filmstars or cricketers, investors have shown abiding faith in Mr Modi, who is still seen as a doer with the right intent and strong will

Ministries planning to allow small businesses to enter manufacturing sector

The MSME sector accounts for 30 per cent of the country's gross domestic product, anchoring 45 per cent of total industrial production

Manufacturers want to quit China, but neither Vietnam nor India match up

India has the manpower, but skill levels fall short and government rules are relatively restrictive

The scale of India's economic challenge

The government shouldn't worry about the latest quarterly growth figures

Modi govt needs more than tax breaks to make India an investment hub

India is missing out on global value chains because of its inadequate transport infrastructure, land and labor regulations and tax structure

Manufacturing PMI up at 53.1 in Oct on new business orders, employment push

This is the 15th consecutive month that the manufacturing PMI remained above the 50-point mark

India's manufacturing sector likely to witness robust growth in Q2: Survey

The estimates are part of Ficci's latest quarterly survey which assessed the sentiments of manufacturers for the second quarter for twelve major sectors

Manufacturing in India to be a $1 trillion contributor: Suresh Prabhu

National Awards for Manufacturing Competitiveness(NAMC), was held on September 28 at Hotel ITC Grand Maratha, Mumbai

A key spoke in Indian economy's wheel isn't feeling same optimism as RBI

The manufacturing sector's deteriorating business sentiment underlines a view that the economic rebound is likely to be a bumpy one

India emerging as global manufacturing, start-up hub: PM Modi in Uganda

Modi also hailed India's ties with Uganda and other African nations

Lessons for Make in India from World Bank report

Make in India initiative and plans to set up coastal economic zones of the government can take a leaf out of the World Bank report which says that advances in technology and changing trade patterns are affecting opportunities for export-led manufacturing. The report, Trouble in the Making? The Future of Manufacturing-Led Development, says smart automation, advanced robotics and 3-D printing are new factors influencing which locations are attractive for production. While these shifts threaten significant disruptions in future employment, particularly for low-skilled workers, they also offer opportunities, according to this new report, released on Wednesday by the World Bank Group.It underscores the resulting changes in the manufacturing sector's ability to create jobs and lift people out of poverty in developing countries. It encourages policymakers to adjust their approach to spurring job creation in manufacturing and readying workers for the jobs of the future."Technology and ...