India’s factory output sputtered in the month of December remaining almost flat with a meagre growth of 0.4 per cent. The overall output was dragged down by manufacturing as it contracted by 0.1 per cent. Electricity and mining output grew by 2.8 and 2.6 per cent respectively. Weakness in consumer durables shows that the economy, … Read more
India’s factory output registered a growth of 3.2 per cent in the month of October led by growth in primary goods. The growth comes on the back of 4.5% rise witnessed in the same period last year as the economy was recovering from the first round of lockdown-induced contraction. The consumer durables sector failed to … Read more
Business outlook in the country has improved significantly in the ongoing quarter with a majority of companies reporting higher production, a Ficci survey released on Sunday showed. Around 61% of the respondents expect higher year-on-year production in the second quarter (July-September) while 72% expect a higher number of orders than in the previous quarter, as … Read more
(This story originally appeared in on Apr 30, 2021) NEW DELHI: The fresh wave of the coronavirus has crippled industrial activity across key manufacturing units as factory output has drastically reduced for many, and even come to a halt for some top ones, in view of rising infections and closure of showrooms, with states and … Read more