India Steel Market Watch
December 8: The growth rate of the gross value added (GVA) with the basic price at constant (2011-12) in the manufacturing sector has shown a growth of 8.2% during April-September, 2015-16. It was 5.3% in 2013-14 and 7.1% in 2014-15. Thus, there is no decline in the growth of the manufacturing sector. This information was given by Nirmala Sitharaman, the Minister of State (Independent Charge) in the Ministry of Commerce & Industry, in a written reply in the Lok Sabha.
The government has initiated a vast number of measures, including the Make-in-India initiative, opening up the foreign direct investment (FDI) regime and enhancing “Ease of Doing Business” to drive manufacturing, innovation and design in India.