India’s manufacturing sector growth revives after eight-month low: Survey
India's manufacturing sector growth revived after an eight-month low driven by faster increases in total new orders and international sales.
India's manufacturing sector growth revived after an eight-month low driven by faster increases in total new orders and international sales.
Goyal’s remarks came while engaging with the CEOs of over 140 PLI beneficiary companies in an interactive session, celebrating their achievements under the Production Linked Incentive (PLI) Scheme.
India’s business growth in September 2024 has slowed to a nine-month low, signalling potential challenges for the economy as demand cools and input costs rise.
Indian active pharmaceutical ingredients (API) industry is set to grow 7-8 per cent in FY25, from an estimated size of $13-$14 billion in 2023, a report said on Monday.
The country is emerging as a top destination for foreign investment in the manufacturing sector and in the last decade, foreign direct investment (FDI) inflows in the sector surged almost 69 per cent to reach $165.1 billion, according to the government.
Manufacturing activity eased to 58.1 in July from 58.3 a month back, as new orders and ouput growth slowed marginally, results of a HSBC survey showed.
Keeping in view India's vision of becoming 'Atmanirbhar', PLI schemes for 14 key sectors were announced with an outlay of Rs 1.97 lakh crore (over $26 billion) to enhance the country’s manufacturing capabilities and exports.
The adoption of electric two-wheelers is also surging in the country. The e-2W sales soared to 17,52,406 units in FY24.
The telecom equipment manufacturing sector has demonstrated exceptional growth, with total sales exceeding Rs 50,000 crore by Production linked Incentive (PLI) companies.
India's electronic manufacturing is likely to reach around $250 billion in the next five years, according to media reports.
