A sudden fall in urban consumption has hit manufacturing, slamming the brakes on India’s enviable growth story. Mint looks at the manufacturing slowdown, its impact on overall economic growth and why it is important to revive consumption on a war-footing.
2 min read9 Jan 2025It said the government will launch a scheme to provide housing to industrial workers, called the Site Adjacent Factory Employee (SAFE) accommodation scheme, after the finance minister spoke about such a project in her budget speech in July.
4 min read19 Dec 2024The November manufacturing PMI reading comes on the heels of a shocker September quarter (Q2FY25) gross domestic product (GDP) data released last week.
3 min read2 Dec 2024The HSBC final India Manufacturing Purchasing Managers Index (PMI), compiled by S&P Global, stood at 56.5 in September, down from 57.5 in August and 58.1 in July.
3 min read1 Oct 2024The share of MSME manufacturing output in the overall Indian manufacturing output remained relatively stable
2 min read7 Aug 2023Eight of the 14 PLI sectors -- including large-scale electronics manufacturing, pharma, food processing, telecom, white goods, auto and auto components -- have begun to show import substitution and increased manufacturing output.
3 min read13 Jun 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared