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What the Centre really needs to do if it wants to tackle the economic slowdown -Amiya Kumar Bagchi

foreign investment in digital media at 26% and allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel. However, so far, foreign investment has flowed into non-Manufacturing Sectors such as PayTM, into shopping malls, food and beverages, and so on. So it does not help the government’s ‘Make in India’ project. In fact, in the recent slowdown, the decline in manufacturing  has been a leading

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IIP growth rebounds, retail inflation surges

Index of Industrial Production (IIP) accelerated in July after a slump in June when it touched 1.17%. Within the index, the mining sector accelerated to 4.92% in July compared with 1.53% in June. The Manufacturing Sector, similarly, saw growth quicken to 4.15% from 0.23% over the same period. “The numbers provide some positive news for the output scenario because most of the IIP indicators show an uplift,” said D.K. Srivastava, chief po

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Truck sales crash 60%; Ashok Leyland sees decline of 70% in August -Shally Seth Mohile

umption slowdown — deferred purchases, the monthly sales data released by truck makers shows. India’s economy grew by 5 per cent in the June quarter, the slowest in over six years. The Manufacturing Sector fared worse, growing at an abysmal 0.6 per cent. The overall volume at India’s top four M&HCV makers — Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra — fell 59.5 per cent to 31,067 units

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Shock slowdown -R Suryamurthy

economy again went up in smoke. China reported a growth rate of 6.2 per cent in the April-June quarter of 2019, its weakest expansion in the past 27 years. The real big worry is that growth in the Manufacturing Sector — which has a big bearing on employment — measured by gross value added shrank to 0.6 per cent in the first quarter from 12.1 per cent expansion a year ago, and 3.1 per cent in the previous quarter. Growth in the farm s

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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

e then. To provide other unhappy figures — factory output shrank to a four month low; eleven million jobs were lost in 2018 and the rural-agricultural sector has suffered most; growth in the Manufacturing Sector has also slowed down to 1.2 per cent against 6.9 per cent a year ago. We simply cannot afford to ignore the basic facts and figures and the existential crisis of our people. We have to take the right decisions and implement the rig

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Why young, not ageing, firms can spur job creation -Dhirendra Tripathi

* Mint explains why it is so and the way out How do small and young firms fare in terms of job creation? The Economic Survey says the contribution of small firms to output and employment in the Manufacturing Sector is insignificant, though they make up around 85% of all firms. But it makes a crucial distinction: most young firms are small, but most small firms are not young, at least in the Indian context. It says the notion that small firms cre

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The farm-factory connect -Ashok Gulati

-The Indian Express Raising farm productivity is the first step to increasing rural demand and reviving the Manufacturing Sector As per the last report of National Statistical Office (NSO) released on May 31, the Gross Value Added (GVA) at basic prices (2011-12 prices) for the fourth quarter (Q4) of 2018-19 has slumped to 5.7 per cent for the overall economy, 3.1 per cent for manufacturing, and -0.1 percent for agriculture, forestry and fishe

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To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra

ng first, which then enabled them to move up the manufacturing value chain to more capital-intensive manufacturing, making them the factory of the world. By contrast, in India the labour intensive Manufacturing Sectors like food processing, tobacco, textiles, apparel, leather, wood and furniture have seen a decline since 2012. The tobacco and textiles sub-sectors within manufacturing have seen a fall in their share of total manufacturing employment

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Why an industrial policy is crucial -Santosh Mehrotra

-The Hindu No major country has managed to reduce poverty or sustain economic growth without a robust Manufacturing Sector The contribution of manufacturing to GDP in 2017 was only about 16%, a stagnation since the economic reforms began in 1991. The contrast with the major Asian economies is significant. For example, Malaysia roughly tripled its share of manufacturing in GDP to 24%, while Thailand’s share increased from 13% to 33% (1960

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GDP growth slows again in third quarter

r of this financial year. The slowdown in 2018-19 is due to a lowering in the growth estimate of the agriculture sector to 2.7% as per the latest data compared with the 3.8% estimated earlier. The Manufacturing Sector, too, is estimated to grow at a marginally lower 8.1% compared with the previously predicted 8.3%. “FY19 GDP growth in second advance estimate of national income is lowered to 7% from 7.2% in first advance estimate,” De

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