Logo

Logo

# Business

New policy to focus on increasing manufacturing’s share in GDP: Prabhu

The country’s new industrial policy which is at a draft stage will focus on ways to increase the share of…

IANS | New Delhi | March 17, 2018 12:30 pm

New policy to focus on increasing manufacturing’s share in GDP: Prabhu

Commerce Minister Suresh Prabhu (Photo: SNS)

The country’s new industrial policy which is at a draft stage will focus on ways to increase the share of manufacturing sector in the GDP, Commerce and Industry Minister Suresh Prabhu said on Friday.

Addressing the News18 Rising India Summit, he said that the draft of the new “Industrial Policy’s” is ready and the government will take the views of all the stakeholders.

Advertisement

According to the minister, India’s GDP has been growing largely due to the service sector, whereas agriculture sector is lagging behind due to structural issues.

Advertisement

Prabhu added that there is a need to make business easier for industry even at the district-level.

Advertisement

Related posts

# Opinion

Political Minefield

The appointment of François Bayrou as France’s new Prime Minister highlights the formidable challenges facing the country as it struggles with political gridlock, economic uncertainty, and public discontent.