Sluggish manufacturing growth, subdued industrial demand pulls down growth prospects during
However, capital goods decline for 11th straight month; growth in consumer non-durables almost stagnant
However, good monsoon, early onset of festive season raise hope of revival in demand for consumer durables, as farm incomes rise
Analysts optimistic on improvement; June quarter performance of capital goods firms was encouraging
IIP has been a certifying body for packaging of export markets, it doesn't still have any say in packaging standards for domestic markets
Declining inflation softens an unexpectedly sharp fall in the IIP
While the capital goods segment in the Index of Industrial Production (IIP) contracted 18 per cent in the first quarter of the current financial year, new data from the Department of Industrial Policy and Promotion (DIPP) suggest that the investment climate in the country may be on the cusp of improving.According to DIPP data, complied by CARE, there has been 18.7 per cent increase in investment proposals in the first half of 2016 (January to June) over the previous year. In value terms though, the increase is a marginal 1.3 per cent. Taken together, the employment generation prospects of these proposals represent a 37 per cent increase over the corresponding period in the last year. The proposals include those filed under IEM (Industrial Entrepreneur Memorandum), LOI (Letter of intent) and DIL (Direct Industrial Licensing).Electronic equipment and textiles together account for nearly half of these investments, up from roughly a fourth last year. This could be construed to mean that t
This is so because non-oil, non-gold imports fell about 10 per cent in July against over one per cent the previous month
Push from electricity, mining, automobiles;capital goods continued to fall
June CPI was at 5.77% while May IIP was 1.2%
Manufacturing sector rises marginally by 0.7%; capital goods decline for seventh straight month
Industrial output numbers warn against policy complacency
IIP fell 0.8% as manufacturing contracted 3.1 % in April
Latest numbers suggest private sector investments continue to remain sluggish
The April numbers represent a break in the rising trend seen in two previous consecutive months of February and March
As part of the revision, the basket of items and weightage assigned to different entries on the basis of which indices is computed will be updated
Manufacturing growth in March at -1.2%; Mining growth at -0.1%
Food inflation picked up to 6.32% in April ; annual industrial growth slows down to 2.4 % in 2015-16 from 2.8 % in previous year
Industrial growth, inflation numbers call for quick action
Manufacturing, three-fourths of the index, showed marginal growth of 0.7 per cent in February