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Industrial Production Shrinks by Isha Verma, Sales/BD Manager, Larsen & Toubro

Industrial Production Shrinks

By : Isha Verma, Sales/BD Manager, Larsen & Toubro
Industry : Industrial Products/Heavy Machinery Functional Area : Product Development
Keywords :

product

growth

production

manufacturer

gdp

industrial engineering

production engineer

industrial production

Activity:  16 comments  723 views  last activity : 03 23 2013 04:47:26 +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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16 comments on "Industrial Production Shrinks"
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  Commented by  VIMALAN, Construction-Construction Management, PARSVNATH DEVELOPERS LTD    | 05 02 2011 15:05:22 +0000 
Industrial production depends upon the major factor power consumption,India had a scarcity-demand power which affects our production.we have to develop power through various forms of energy for development production Otherwise we have to close so many industries in coming years
  Commented by  kuppan, bses, abb    | 01 17 2011 05:06:08 +0000 
most foreign car production company are open there new plant in india so as soon as cost of the car will be less compare to  before and engg will get a their professional job,.,.,.,..
  Commented by  Awadhesh Kumar Shah, Marketing Manager Techno International Services    | 12 03 2010 02:39:59 +0000 
I remember about 10 years back two wheeler companies were boasting that they have sold 5 lakh or 7 lakh vehicles since they started production (in 10-15 years) now hero honda alone sells about 25 lakh every year, this kind of expansion cannot be sustained for long time
  Commented by  sheriff r mohideen, Manager-maintenance, Jain Irrigation Systems Ltd-Food Processing Divn    | 11 29 2010 07:15:41 +0000 
This trend is far more welcome and happy to observe as this is the best outcome of the tremors caused in manufacturing circle in the previous year and year before
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