Economy improving & manufacturing sector slowly emerging leader of industrial growth: Finance Ministry

  • In the first four months of 2015-16, the manufacturing sector output has risen by 4% in 2015-16 as compared to 2.8%  in the similar period of last fiscal.
  • Economic Affairs Secretary Shaktikanta Das said improvement in IIP data for July is in line with steady improvement in the economic growth.
  • The Indian industry said it indicates a revival in industrial activity and reiterated the demand for a rate cut by the RBI to provide a fillip to industrial growth.
  • Government has launched ‘Make In India’ campaign to increase domestic manufacturing which in turn would spur job creation.

Source: ET

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