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NEW DELHI: Soon after the overhaul of index of industrial production (IIP) for the formal sector, govt machinery is preparing to enter the statistical blind spot of the vast informal economy. The statistics ministry is finalising plans to launch an entirely new index designed to measure monthly industrial production, specifically for the country’s vast informal…
BENGALURU: Britannia Industries said its manufacturing operations have not faced any significant disruption due to industrial gas supply concerns linked to the conflict in West Asia, issuing a clarification after market rumours triggered enquiries. The company said it has adequate levels of finished goods. Source link
NEW DELHI: The index of industrial production (IIP), which is moving to a chain-based series with annual resets, is also expected to see an increase in the weights assigned to electricity and manufacturing, while weightage for mining is set to decrease. This is part of the overhaul of the key dataset that the statistics office…
The manufacturing sector remained robust and is estimated to grow by 7% in 2025-26 as opposed to 4.5% last fiscal while construction continued to be healthy at a growth rate of 7%, compared with an increase of 9.4% in 2024-25. Nominal GDP, which accounts for inflation, is estimated to grow by 8% in 2025-26.The crucial…
NEW DELHI: Manufacturing activity softened in Nov as export orders eased due to the impact of US tariffs while job creation in the sector slowed to a 21-month low, a survey showed on Monday. Registering 56.6 in Nov, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) was above the neutral mark of 50.0 and its…
TOKYO: Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show.The car has been developed for the Indian and Japanese markets, apart from other Asian countries. Its India debut will be in fiscal 2026-27. Honda Motor Co…
NEW DELHI: Manufacturing activity moderated in Sept compared to the previous month, but remained robust, as new orders slowed and job creation slipped to a one-year low while selling prices hit a 12-year high, a survey showed on Wednesday.At 57.7 in Sept, down from 59.3 in Aug, the HSBC India Manufacturing Purchasing Managers’ Index pointed…
