The crisis in Indian manufacturing4 min read . Updated: 05 Dec 2013, 08:13 PM IST
The fate of the manufacturing sector hinges not only on an investment revival but also on a sense of direction
India’s industrial output has declined or grew at very low rates in almost every month after July 2011. The index of industrial production (IIP) provides data on organized manufacturing, that is, on factories, which employ 10 or more workers (20 or more if run without electricity). Less known but more acute, however, is the crisis that has hit the smaller industries in the unorganized sector—the sector that employs 80% of all manufacturing workers in the country.
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