Topic: Manufacturing sector

Jobs, while they increased by 11.2 crore during the Modi years, are the Achilles’ heel of India’s development as labour participation remains low and the informal sector dominates.

Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.

The first round of the ACC PLI bidding was completed in March 2022, with three beneficiary firms being awarded a total capacity of 30 GWh.

Inaugurating new smartphone manufacturing unit in Noida, Union Minister of Electronics & IT Ashwini Vaishnaw says govt’s PLI scheme led to incremental job creation of 5,00,000 in the industry.

Europe's share in Indian exports has gone up while Asia’s share is declining. The problem for India is: Europe’s economy is expected to struggle while Asia is set to drive global growth.

On latest episode of ThePrint’s Off The Cuff, the founder of India Foundation talks about growth of the Indian economy and the way ahead to become a 30-trillion economy by 2047.

Manufacturing sector saw only marginal improvement in Q1. Consumption-based high-frequency indicators present mixed picture. Going ahead, export likely to remain drag on growth.

India’s Manufacturing PMI score came in at 57.8 in June, lower than May, but still robust. The level of new orders rose highest since February 2021.

June's S&P Global Manufacturing Purchasing Managers' Index was 57.8, down from May's 58.7 and below Reuters' 58.0 estimate. The index has been above 50 for the last two years

Better-than-expected GDP growth in FY23 made possible by 6.1% jump in January-March quarter. Private consumption revival, sustained investment growth key to maintaining momentum.