New govt data on industrial production reveals output in 2021-22 surpassed levels of 2018-19 & 2019-20. Data shows employment and wages also rebounded strongly in these sectors.
The UN World Economic Situation and Prospects 2024 report says while India will remain fastest-growing big economy, it faces risks from erratic monsoons & possible oil price spike.
The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent last May.
According to IIP data released today, manufacturing sector production registered a decline of 8.6%, while the output of mining & power segments fell 9.8% and 1.8%, respectively.
Ministry of Commerce and Industry said coal, cement, steel, natural gas, refinery, crude oil industries experienced substantial loss of production due to Covid.
According to data from the NSO, the manufacturing sector output grew by 1.5 per cent as compared with a rise of 1.3 per cent in the corresponding month a year ago.
According to the National Statistical Office data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in Januaro 2019.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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