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Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy

n the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent Manufacturing Sector growth in July-September 2016. The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters. "Since May 2014 (when the Modi government assumed

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New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the hit taken by the sector on account of demonetisation.

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Workers may also get skill development under NREGS by Ravish Tiwari

With Manufacturing Sector growth in the Eleventh Plan period estimated at 8 per cent against 11-12 per cent required to create about 2 million additional jobs in the country, the Prime Minister’s National Council on Skill Development (NCSD) is considering recommending to the Rural Development Ministry that the UPA’s flagship rural job guarantee scheme (NREGS) be widened to include providing “skill development” to unskilled

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Cautious hope by Neeraj Hatekar

Growth of manufacturing has the potential to shift millions from low paid agricultural activities and urban slums to better paid, formal sector jobs. From this point of view, the acceleration in the Manufacturing Sector growth rate (9.4 per cent in Q2 of 2010-11 as compared to 8.7 per cent for Q2 in 2009-10) is indeed important. If the growth momentum can be steadily maintained in this fashion for the next decade or so, we will surely see a significa

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