Production Growth Rate.

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....roduction Growth Rate. <br>News and Press Release<br>Dated:- 7-9-2011<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 07-September-2011 14:35 IST Production Growth Rate Industrial growth measured in terms of index of Industrial Production (IIP) improved from 2.5% in 2008-09 to 5.3% in 2009-10 and further to 8.2% in 2010-11. In the first quarter of current y....

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....ear, the growth moderated to 6.8% compared to a growth of 9.6% in the first quarter of the previous year. The moderation in the growth in the first quarter was largely on account of a moderation of growth in the mining sector. Consumer durables and intermediates within the manufacturing sector also witnessed moderation in growth. Hardening of interest rates to some extent affected the growth in th....

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....ese segments. The major focus areas for improving the industrial climate during the 11th Plan have been the creation of world class infrastructure, promotion and facilitation of industrial investment including the foreign direct investment, improvement in business environment, and development of industry relevant skills. The Union Budget 2011-12 has clearly indicated that for sustained growth of ....

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....GDP and productive employment for younger generation, it is imperative that the growth in manufacturing sector picks up. Government is considering a manufacturing policy, which will bring down the compliance burden on the industry through self-regulation and help make Indian industry globally competitive. This will improve the growth rates for manufacturing and industry. This information was give....

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....n by the Minister of State for Commerce and Industry Shri Jyotiraditya M. Scindia in a written reply to a question, in the Rajya Sabha today. DS/gk<BR> News - Press release - PIB....