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Growth rate of the Gross Value Added (GVA) at Basic Price at constant (2011-12) prices in manufacturing sector was 5.3 % in 2013-14 and 7.1 % in 2014-15. During April-September, 2015-16, it has shown a growth of 8.2 %. Thus, there is no decline in the growth of manufacturing sector.
The Government has initiated a vast number of measures including the Make in India initiative, opening up the FDI regime and enhancing Ease of Doing Business to drive manufacturing, innovation and design in India.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
Manufacturing growth asserted as continuing, linked to Make in India, FDI liberalisation and ease of doing business measures. Growth in manufacturing is reported as continuing: GVA at basic prices (2011-12) grew 5.3% in 2013-14, 7.1% in 2014-15 and 8.2% in April-September 2015-16, which the Government presents as evidence of no decline. The Government identifies policy measures - Make in India, opening up the FDI regime and enhancing Ease of Doing Business - as instruments to drive manufacturing, innovation and design; the information was provided in a written parliamentary reply.Press 'Enter' after typing page number.