Question : Growth of Manufacturing Sector

(a) whether it is a fact that the Union Government is aware that growth of manufacturing sector has witnessed unprecedented decline;

(b) if so, the details of growth in manufacturing sector, including leather, garments/textiles, steel, etc. during the last three years and the current year, year-wise;

(c) whether the Union Government has assessed the impact of this decline on Indian industries; and

(d) if so, the details thereof along with the corrective measures taken by the Government in this regard?

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI C.R. CHAUDHARY)

(a) & (b): As per Index of Industrial Production, the performance of manufacturing sector has registered a growth of 5.6 per cent(provisional) during April- October 2018-19 as compared to 2.1 per cent growth in the corresponding period of previous year. Industry-wise (as per 2-digit level National Industrial Classification 2008) growth rate during the last three years and the current year as per IIP is at Annexure.

(c) & (d): Overall performance of manufacturing sector is an interplay of several factors such as domestic demand, demand for exports, level of investment and prevailing prices. The Government aims at creating a conducive environment by streamlining the existing regulations and processes and eliminating unnecessary requirements and procedures. ‘Make in India’ programme has been launched which aims at making India a global hub for manufacturing, research & innovation and an integral part of the global supply chain. Several steps to boost domestic manufacturing are being taken as part of schemes such as ‘Startup India’, ‘Ease of Doing Business’, Modified Industrial Infrastructure Upgradation Scheme, Business Reform Action Plan, Intellectual Property Rights (IPR) Policy etc. Further, Foreign Direct Investment (FDI) policy and procedures have been simplified and liberalized progressively.
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