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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
Unincorporated enterprises declining in India
An estimated 17.82 million unincorporated enterprises operated in the manufacturing sector in October 2022-September 2023.Read more
Aatmanirbharta energising capital goods manufacturing
India’s electrical equipment industry has witnessed significant growth in the last few years. Raised government spending on rural and household electrification schemes and programs will drive the demand for power generation, transmission, distribution and related equipment in India, writes Arun Mote.Read more