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Manufacturing Sector News
Budget 2019: TV manufacturers demand level playing field with overseas brands, will Sitharaman comply?
Wed, Jul 03, 2019
There have been more than Rs 2500 crores worth of import of TVs in the past under FTA under zero percent duty. This doesn’t favour the companies who support Make in India campaign of the government.
Manufacturing sector posts strong sales growth in Q2: RBI
Thu, Dec 27, 2018
Manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period.
Track salary in different sectors of India; IT, manufacturing rule the roost
Mon, Sep 24, 2018
The report observed that IT sector paid median wage at Rs 317.6 per hour, the highest among all monitored sectors, but 17.8 per cent less than the last year. This is one of the reasons why more than half (51 per cent) were not satisfied with their jobs, it said.
IIP growth boosted to 7.5% on courtesy in manufacturing, capital, consumer goods
Mon, Mar 12, 2018
The performance of IIP comes as a surprise as analysts had predicted much lower growth rate for January 2018.
India PMI Services grows to 50.9 in December as economy returns to growth
Thu, Jan 04, 2018
Following a decline in November when the services PMI reached 48.5 the seasonally adjusted ‘Business Activity Index’ signalled a renewed increase in activity.
India's December Nikkei manufacturing PMI rises to 54.7
Tue, Jan 02, 2018
India's manufacturing PMI remains unchanged at 51.2 in Sept; IHS downgrades GDP forecast
Tue, Oct 03, 2017
IHS Markit downgraded its real GDP growth forecast to 6.8% for fiscal year 2017/18 as the lingering effects of recent economic shocks continue to cast a shadow on economic growth.
Manufacturing sector employees get just Rs 211 per hour; banking highest paid sector
Tue, Jul 18, 2017
The male employees in manfacturing sector earn Rs 256.6 on an average and female employees earn Rs 179.8, constituting a 29.9% gender pay gap.
GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched
Thu, Jun 01, 2017
India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.
Q4FY17 GDP at 6.1% but some sectors defied demonetisation impact
Thu, Jun 01, 2017
India's GDP numbers were at 6.1% in Q4FY17 – indicating a strong demonetisation impact. Difference between nominal and real GVA reflects slowdown was due to higher deflator.
China's manufacturing growth slows to a six-month low in April
Sun, Apr 30, 2017
Demand weakened across the board with the biggest decline in the input price sub-index, which fell to 51.8, its slowest expansion since June last year, from 59.3 in March.
Wholesale Inflation eases in March but likely to rise going further
Mon, Apr 17, 2017
Following the February numbers, analysts at Motilal Oswal and Care Ratings expected WPI to be around 6.3% for last month of FY17.
More layoffs likely as India's manufacturing sales shrink
Mon, Feb 27, 2017
In November 2014, just weeks after Prime Minister Narendra Modi launched his Make-in-India campaign, Nokia shut its factory in Chennai, rendering 6,600 full-time workers jobless.
IIP growth expected to see some uptick in January: Kotak
Sun, Feb 12, 2017
"The decline in IIP was partly owing to base effects, but mostly by demonetisation-led production contraction, especially in automobile production," Kotak Institutional Equities said in a research note.
'Make in India' campaign comes back as Modi Govt readies for Budget 2017
Tue, Jan 31, 2017
PM Modi's foreign visits over the past two years have exclusively focused on marketing India as a perfect destination to set up factories. The government rightly believes that manufacturing has to grow if India has to attain GDPs of 8% and above.
Budget 2017: Govt should announce policies to support sectors with immense job growth potential, says Crisil
Fri, Jan 27, 2017
Crisil expects government to announce supportive policies sectors in Budget 2017 to create jobs.
Growth in China's factories, services slows in December
Sun, Jan 01, 2017
China`s manufacturing sector expanded at a weaker than expected pace in December, with growth slowing from the previous month as the world`s second-largest economy heads into 2017.
India Inc's sales growth slows to 0.1%
Thu, Oct 27, 2016
RBI said, "Expenditure, at the aggregate level, continued to contract, though at a lower rate as compared with the previous quarter. This resulted in a slowdown in operating profit at the aggregate level."
IIP Conundrum: Factory output at over two-decade low; what's next?
Wed, Oct 12, 2016
Despite the continuous decline in IIP data, analyst yet believe it will see nearly 3% growth in FY17, on the back of 7th Pay Commission, government spending, festive season and favourable monsoon.
China sustains manufacturing PMI growth at same level in September
Sat, Oct 01, 2016
The official Purchasing Managers` Index (PMI) stood at 50.4 in September, identical with the previous month's level.