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Press Information Bureau
Government of India
Ministry of Commerce & Industry
30-November-2011 12:09 IST
Measured in terms of Index of Industrial Production (IIP), there has been a moderation in the growth of industrial production in August, 2011 as compared to the corresponding month of the previous year, as given in the table below:-
|
| August-2010 | August-2011 |
| Basic Goods | 3.8 | 5.2 |
| Capital Goods | 4.7 | 4.0 |
| Intermediate Goods | 5.8 | 1.9 |
| Consumer Goods | 4.6 | 2.2 |
| Overall Index | 4.5 | 3.6 |
Various steps have been taken by the government to boost industrial production which, inter-alia include promotion and facilitation of industrial investment including foreign direct investment, improvement in business environment, development of industrial and other infrastructure through public-private initiatives, development of industry relevant skills etc. Government in November, 2011 also announced a National Manufacturing Policy, which aims at bringing down compliance burden of industry through self-regulation and help industry to become globally competitive.
This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Rajya Sabha today.
DS/GK