| Topic : Steps in making manufacturing profitable |
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Manufacturing & Engineering Professionals
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Source : http://economictimes.indiatimes.com
Activity:
4 comments
529 views
last activity : 05 02 2011 15:05:22 +0000
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Industrial production shrinks by 2% as compared to the previous years 8% despite a stimulus package announced by the government to boost sagging demand.
The manufacturing sector, which has a weight of about 80 per cent in the Index of Industrial Production (IIP), registered negative growth of 2.5 per cent against a rise of 8.6 per cent in December 2007.
The production of consumer durables and consumer non-durables as
well as intermediate items declined. Consumer durables production fell as much
as 12.8 per cent.
For the first nine months of the current fiscal,
industrial growth stood at 3.2 per cent against 9 per cent a year ago. The
official advance estimates released earlier this week pegged industrial growth
at 4.8 per cent for the current fiscal.
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