Chennai, Feb 12 (IANS) Chief Minister M.K. Stalin on Thursday asserted that Tamil Nadu’s economic growth has outpaced the national average, highlighting the state’s rapid industrial expansion, record investments, and emerging leadership in advanced technology sectors. Speaking at a high-level investors’ meet organised by the Department of Industries, Investment Promotion and Commerce in Chennai, CM Stalin said the data presented at the event was a “direct answer to critics” and reflect…
Latest Manufacturing Sector News & Updates
New Delhi, Feb 12 (IANS) India’s manufacturing performance has strengthened further in recent quarters, with GVA (gross value added) growth of 7.72 per cent in Q1 FY26 and 9.13 per cent in Q2, supported by a gradual shift towards higher-value production, improved industrial infrastructure, and wider adoption of technology and formalisation, an official statement said on Thursday.The Economic Survey 2025-26 highlights that medium- and high-technology industries now contribute 46.3 per cent of I…
New Delhi, Feb 2 (IANS) Union Budget 2026–27 kept a “long‑term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday.The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage.Immediately after the Covid-19 pandemic, the primary focus was on ramping up infrastructure spending and mitigating pandemic impact on growth a…
New Delhi, Jan 29 (IANS) The UK India Business Council (UKIBC) on Thursday called for a simplified tax regime through exemptions on capital tax gains from foreign portfolio investors FPIs and other investor-friendly reforms from Union Budget 2026-27.The business advisory body also called for strengthening the GIFT City proposition as a globally competitive financial services hub, simplified GST compliance, incentives and support for the telecom sector.It urged the government “to provide increase…
New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 28 (IANS) The government on Wednesday released a discussion paper which outlines the proposed methodology for seasonal adjustment of the Index of Industrial Production (IIP).The Ministry of Statistics and Programme Implementation (MoSPI) is undertaking the base revision exercise of the IIP.In the process, it is revisiting methodologies, exploring new data sources and incorporating changes after comprehensive consultations with the experts, academicians, users and other stakeholder…
New Delhi, Jan 28 (IANS) India’s industrial production surged by 7.8 per cent in December 2025, reaching its highest level in over 2 years, driven by a robust across-the-board growth in the manufacturing, mining, and electricity sectors, according to figures released by the Ministry of Statistics on Wednesday.This was the second consecutive month of strong year-on-year growth in the country’s index of industrial production (IIP) as it came on the back of a 7.2 per cent acceleration in Novemb…
Hubballi (Karnataka), Jan 27 (IANS) Prime Minister Narendra Modi-led government has always provided a fair and due allocation to every state, including Karnataka, in the Union Budget and this time too, the Budget will focus on ensuring a just allocation to all states, Union Minister for Food, Consumer Affairs and Public Distribution Pralhad Joshi said. Speaking to the media in Hubballi on Tuesday, the minister said the Union government has paid attention to all sectors, including roads, industry…
New Delhi, Jan 27 (IANS) The Congress released a report on Tuesday, criticising the economic policies of the Narendra Modi government and alleging that jobless growth is taking place in the economy.The report claimed that between 2017-18 and 2023-24, employment in the manufacturing sector fell from 12.1 per cent to 11.4 per cent, while in the services sector it declined from 31.1 per cent to 29.7 per cent.At the same time, the employment in the agriculture sector rose from 44.1 per cent to 46.1 …
New Delhi, Jan 23 (IANS) About 76 per cent recruiters in India are focussed on job creation across various sectors in the first half of 2026, according to a report.Naukri India’s bi-annual survey, based on insights of over 1,250 recruiters, showed that the healthcare sector is set to lead with 88 per cent new jobs.The manufacturing sector is set to follow with 79 per cent new roles in H1 2026.The BFSI sector is likely to show a relatively conservative yet strong hiring outlook (70 per cent), a…