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New Delhi, March 30 (SocialNews.XYZ) India's industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by a strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a robust 6 per cent growth during February compared t ...Read More >
New Delhi, March 30: India's industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. Manufacturing drives growth The manufacturing sector, which accounts for more than three-fourths of the Index of Industrial Production (IIP), posted a robust 6 per cent growth during February ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's industrial growth, based on the Index of Industrial Production (IIP), accelerated 4 per cent in August this year driven by a strong performance in the mining sector, according to data released by the Ministry of Statistics on Monday. The industrial growth rate has accelerated for the second month in a row from a four-month high of 3.5 per cent in July which in turn had surged from 1.5 per cent in June. The mining sector bounced back with a strong grow ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
New Delhi [India], August 28 (ANI): A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on to consumers, it can boost the country's GDP growth. It stated "A decline in GST rate has a higher multiplier effect (1.08x) than direct taxes. If passed on to consumers, it can add 20-50bps to GDP growth". The report said, a decrease in income tax rate would ...Read More >
New Delhi, Dec 12 (IANS) India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday.The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), recorded a growth of 4.1 per cent in October. The sector plays a key role in providing quality jobs to the y ...Read More >
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