Union Minister of Commerce and Industry Shri Piyush Goyal has asserted that quality must define India’s manufacturing future, stating that Prime Minister Narendra Modi’s “zero defect, zero effect” vision will anchor the country’s journey toward becoming a developed economy by 2047. Addressing the first National Quality Conclave virtually, the Minister…
Tag: #ManufacturingGrowth
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Post-Budget Textile Consultation Boosts Industry Growth
New Delhi: The Ministry of Textiles convened the first post-budget National Industry Consultation on February 19, 2026, at Vanijya Bhawan, bringing together government officials, industry leaders, financial institutions, development partners, and textile sector representatives. The session focused on implementing the Textile Expansion and Employment (TEEM) Scheme and the Tex Eco…
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Food Processing Sector Grows Strongly Under MoFPI Schemes
India’s food processing sector has witnessed steady expansion in value addition, exports, employment and infrastructure over the past decade, supported by focused policy interventions and flagship schemes of the Ministry of Food Processing Industries (MoFPI). The sector’s progress was highlighted by the Union Minister of State for Food Processing Industries,…
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India’s Manufacturing Boosted by Petrochemicals
The chemicals and petrochemicals sector continues to be a key driver of India’s industrial growth, contributing 8.1 per cent to the country’s overall manufacturing Gross Value Added (GVA) in FY 2024, according to the Economic Survey 2025–26 released by the Ministry of Finance. The sector’s strong backward linkages with petroleum…
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India IIP Growth Slows to 0.4% in October 2025
India’s Industrial Growth Moderates in October The Quick Estimate of India’s Index of Industrial Production (IIP) for October 2025 reveals a modest growth of 0.4%, down from 4.0% in September. This slowdown is largely attributed to fewer working days during key festivals including Dussehra, Diwali, and Chhath. Sector-Wise Performance The…
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India’s Manufacturing Rise: From Reforms to Global Power
India’s manufacturing sector is entering a decisive phase, with fresh data showing strong growth and renewed investor confidence. The Index of Industrial Production (IIP) recorded 3.5% year-on-year growth in July 2025, led by a sharp 5.4% rise in manufacturing output. This momentum is being fuelled by flagship policies such as…