The Index of Industrial Production (IIP) is now expected to remain muted this fiscal year
A persisting liquidity crisis in the MSME added to the manufacturing sector's woes
The MSME sector accounts for 30 per cent of the country's gross domestic product, anchoring 45 per cent of total industrial production
According to sources, the Union Cabinet would soon consider these issues for approval
The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan
India needs to promote clusters of excellence
This is the 23rd consecutive month that the manufacturing PMI has shown a growth
The percentage of respondents expecting low or same production is 59 per cent in Q1, compared to 46 per cent in Q4 of 2018-19
The merger of SBI with associates had resulted in restructuring of the workforce
How e-commerce companies can leverage 5Ms to optimise resources
The analysis is based on the performance of private corporate sector during the Q3 of 2018-19 drawn from abridged financial results of 2,703 listed non-government non-financial (NGNF) companies
The latest quarterly survey on manufacturing portrays a better outlook for the sector in Q3
Responses have been drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over 2.2 trillion
Industrial output grew at a modest 6.6 per cent in July, shows the latest data released by the MOSPI
The petrochemicals sector saw a credit offtake growth of 19.14% in the first quarter
Automobile sectors continued to dominate the export scenario as well
This is the 12th consecutive month that the manufacturing PMI remained above the 50-point mark
The net profit of the manufacturing companies declined by 2.4 per cent in the third quarter, RBI said
The right ecosystem is that we are in a globalised world and have to be a part of the global supply chain: Niti CEO
L&T Technology Services said manufacturing companies across different nations would need a major "cultural shift" before they adopt to new technologies such as internet of things (IoT). Chief executive officer of the engineering services arm of L&T, Keshav Panda, said he has seen major cultural barrier amongst a customers across different global markets towards digital transformation, even as the manufacturing sector is readying for Industry 4.0, the age of smart factories. Panda, who is an aerospace engineer and worked on India's light combat aircraft Tejas and on the country's satellite programme, said the shift towards technology-enabled manufacturing practices, where data from machines will automate operations, amongst customers across the globe "have just started" and majority of them are worried about the transformation and customer experience. "The engineering transformation, I believe, has started (and) 75 per cent of our customers are still thinking about how to go ...