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Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more
Manufacturing GVA lags behind despite positive economic indicators
In the first quarter of the preceding fiscal year, it remained stagnant at 17.2 per cent.Read more
Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23
The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more
Business Environment Set for Growth
The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more