Manufacturing Sector

The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January

HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5

Channel expansion initiatives and new launches aided the growth in mixers and grinders which are part of the small domestic appliances segment

Production is expected to commence in 2026, and will make tubing that can be used in highly specialised devices such as balloon and minimally-invasive-procedure catheters

An agriculture worker in China generates merely one-fourth of the income generated by a non-agricultural worker. India and Vietnam are close to China while Indonesia shows lower disparity

The company is still 'evaluating' the price of the drug, but is confident that the price-sensitive Indian population will be able to afford it, Novo's India Managing Director Vikrant Shrotriya said

Experts attribute the changing nature of the manufacturing workforce to the adoption of automation in various administrative job roles and increasing contractualisation by producers

Contract workers are employed by an industrial establishment through contractual agreements for a specified period or task

According to NSO data, this highlights the skewed nature of productivity

He mentioned that the country has growth momentum and per capita incomes are rising

Global ransomware attacks have risen by 18 per cent, with India's top three targets being the manufacturing, telecommunications, and technology sectors

India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23

ASI and Annual Survey of Unincorporated Enterprises show that the combined share of manufacturing GVA in GDP stands at less than 10 per cent

In multi-plant units, flexibility in hiring & firing labour comes from fact of having many plants. In single plants, there is no such flexibility, which renders use of contract labour more important

Stable policies and further improvement in the ease of doing business in states will help significantly boost the country's manufacturing sector's growth, according to experts. They also said that sectors like renewable energy, particularly in the solar segment and electronics, hold huge potential to promote domestic manufacturing and create thousands of jobs. The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added. "Stable policies and further promotion of ease of doing business at the state level will help significantly boost the country's manufacturing sector growth," Sujoy Ghosh, vice president and country managing director, First Solar, said. The Make in India initiative provides a window of opportunity for companies looking at alternative .

PLFS data says share of manufacturing up

Economic growth at the expense of labour-income share will not be sustainable in the long term in a labour-abundant country

'Mild setback' in manufacturing growth across India, according to HSBC survey

Investments under PLI may hit Rs 2 trillion by next year, says Piyush Goyal

The 14 sectors covered under the production linked incentive (PLI) schemes have witnessed investments of Rs 1.46 lakh crore till August and the capital infusion is expected to reach Rs 2 lakh crore in the coming years, the commerce and industry ministry said on Sunday. Commerce and Industry Minister Piyush Goyal has held detailed discussions with companies that are getting fiscal benefits under the schemes to seek inputs and feedback. The minister engaged with 140 companies out of the 1,300 manufacturing units across 14 sectors, which have been the beneficiaries of the scheme. "Overall achievement of PLI schemes was also discussed during the meeting. Actual investment of Rs 1.46 lakh crore has been realised (till August 2024) and is likely to reach Rs 2 lakh crore in the next year or so," the ministry said in a statement. This has resulted in production/sales worth Rs 12.50 lakh crore and employment generation of around 9.5 lakh (direct and indirect), which is expected to reach 12