India's industrial production growth dips to 2% in June from 7% last year

[Qutb-ud-din Aybak]

India's industrial production growth dips to 2% in June from 7% last year
India's industrial production growth has come down to two per cent in June.

India Today Web Desk
New Delhi
August 9, 2019
UPDATED: August 9, 2019 19:02 IST

India's Industrial production growth has been registered at 2 per cent in the month of June. (Photo: Reuters)
HIGHLIGHTS

• IIP data shows a sharp slump in industrial production growth in June
• Manufacturing output grew at 1.2 per cent in June compared to a growth of 2.5 per cent a month ago
• During the April-June period, eight core industries registered a cumulative growth of just 3.6 per cent

India's industrial production growth has been recorded at just two per cent in June, compared to seven per cent in the corresponding period a year ago.

The official data released by the government on August 9 shows that there has been a sharp slowdown in productivity of Indian companies.

Factory or industrial output, which is the benchmark for measuring economic activity in the country, does not paint a vibrant picture for the Indian economy, especially at a time when many top industry executives have warned the government about a looming economic slowdown.

The manufacturing output grew at 1.2 per cent in June compared to a growth of 2.5 per cent a month ago.

During the April-June period, eight core industries registered a cumulative growth of just 3.6 per cent while export activities dipped to 1.7 per cent.

India has also lost its position as the fifth-largest economy as the UK and France climbed two spots. Several Indian sectors have been facing an acute slowdown and experts blame lack of funding for the slowdown.

Experts have asked the government to relax funding norms and instruct banks to allow easier lending for all enterprises and not just a select few.

Real estate, auto, banking, and manufacturing are some of the sectors that have been significantly impacted by lack of funding and investments. Appeals to fix the lending crisis has also been highlighted by several top business leaders in the country in the wake slower consumer demand.

https://www.indiatoday.in/business/...h-a-year-ago-official-data-1579209-2019-08-09

real purpose of latest kashmir issue is to divert attention from economic failures.

 

[Lincoln]

India's industrial production growth dips to 2% in June from 7% last year
India's industrial production growth has come down to two per cent in June.

India Today Web Desk
New Delhi
August 9, 2019
UPDATED: August 9, 2019 19:02 IST

India's Industrial production growth has been registered at 2 per cent in the month of June. (Photo: Reuters)
HIGHLIGHTS

• IIP data shows a sharp slump in industrial production growth in June
• Manufacturing output grew at 1.2 per cent in June compared to a growth of 2.5 per cent a month ago
• During the April-June period, eight core industries registered a cumulative growth of just 3.6 per cent

India's industrial production growth has been recorded at just two per cent in June, compared to seven per cent in the corresponding period a year ago.

The official data released by the government on August 9 shows that there has been a sharp slowdown in productivity of Indian companies.

Factory or industrial output, which is the benchmark for measuring economic activity in the country, does not paint a vibrant picture for the Indian economy, especially at a time when many top industry executives have warned the government about a looming economic slowdown.

The manufacturing output grew at 1.2 per cent in June compared to a growth of 2.5 per cent a month ago.

During the April-June period, eight core industries registered a cumulative growth of just 3.6 per cent while export activities dipped to 1.7 per cent.

India has also lost its position as the fifth-largest economy as the UK and France climbed two spots. Several Indian sectors have been facing an acute slowdown and experts blame lack of funding for the slowdown.

Experts have asked the government to relax funding norms and instruct banks to allow easier lending for all enterprises and not just a select few.

Real estate, auto, banking, and manufacturing are some of the sectors that have been significantly impacted by lack of funding and investments. Appeals to fix the lending crisis has also been highlighted by several top business leaders in the country in the wake slower consumer demand.

https://www.indiatoday.in/business/...h-a-year-ago-official-data-1579209-2019-08-09

real purpose of latest kashmir issue is to divert attention from economic failures.

Wait till the actual statistics on GDP growth and unemployment are released, all the data their government has been producing been biased, manipulated and held, which is why economists and statisticians called it out.

 

[Gandhi G in da house]

He has successfully destroyed our economy.

But people here for the first time are more concerned about the Mandir, about Kashmir. I have never known my India like this. This used to be a country obsessed with growth, productivity, economy etc. Now...

God knows how and why this has happened.

 

[Dil Pakistan]

He has successfully destroyed our economy.

But people here for the first time are more concerned about the Mandir, about Kashmir. I have never known my India like this. This used to be a country obsessed with growth, productivity, economy etc. Now...

God knows how and why this has happened.

You are right - to be honest even I cannot understand.

India, in the last 71 years has been a country of politicians, statesmen and women, intellectuals, poets, authors, etc.
It now feels like a massive mob.

 

[newb3e]

Modi hai toh Mumkin hai!

 

[Gandhi G in da house]

You are right - to be honest even I cannot understand.

India, in the last 71 years has been a country of politicians, statesmen and women, intellectuals, poets, authors, etc.
It now feels like a massive mob.

I live in this country and even I can't understand.

One reason i can tell is that for the first time in India, most of the news media is directly or indirectly owned by the BJP. This was never the case before. Now, most of Indian news media only shows a one sided (BJP sided) story of things and that has a massive affect on the people.

Secondly, lack of a decent opposition. Congress is at its weakest point in history and no other party has stepped up.

Very difficult times for my country.

If this religious rabidness goes on and the economy doesn't improve (I am a hindu brahmin btw), I am thinking of leaving

 

[waz]

I saw a report on the Indian economy from the respected Financial Times, it was dire. The massive drop in private investment was highlighted as a serious issue.

 

[TNT]

I live in this country and even I can't understand.

One reason i can tell is that for the first time in India, most of the news media is directly or indirectly owned by the BJP. This was never the case before. Now, most of Indian news media only shows a one sided (BJP sided) story of things and that has a massive affect on the people.

Secondly, lack of a decent opposition. Congress is at its weakest point in history and no other party has stepped up.

Very difficult times for my country.

If this religious rabidness goes on and the economy doesn't improve (I am a hindu brahmin btw), I am thinking of leaving

Congress govt made a mjstaje nkt to regulate media and not to have strong regulatory authorities. I wonder why ppl in india are molded by media. In Pakistan also most media was owned by nawaz n zardari loyalists but ppl of Pakistan saw through it and elected imran khan.

 

[Pakistan Space Agency]

India's external debt has also grown by $22 billion in just three months between 1-January-19 ($521 billion) and 31-March-2019 ($543 billion).

 

[Gandhi G in da house]

Congress govt made a mjstaje nkt to regulate media and not to have strong regulatory authorities. I wonder why ppl in india are molded by media. In Pakistan also most media was owned by nawaz n zardari loyalists but ppl of Pakistan saw through it and elected imran khan.

I have no idea man.

Media in India is not regulated at all. There are self regulation guidelines which clearly they are not following. It was done to protect media from government interference and let them be free and it played out very well till 5 to 7 years ago.

 

[Shah Khalid]

He has successfully destroyed our economy.

But people here for the first time are more concerned about the Mandir, about Kashmir. I have never known my India like this. This used to be a country obsessed with growth, productivity, economy etc. Now...

God knows how and why this has happened.

You have my sympathies

 

[Dil Pakistan]

I live in this country and even I can't understand.

One reason i can tell is that for the first time in India, most of the news media is directly or indirectly owned by the BJP. This was never the case before. Now, most of Indian news media only shows a one sided (BJP sided) story of things and that has a massive affect on the people.

Secondly, lack of a decent opposition. Congress is at its weakest point in history and no other party has stepped up.

Very difficult times for my country.

If this religious rabidness goes on and the economy doesn't improve (I am a hindu brahmin btw), I am thinking of leaving

I think you are right

 

[Yaseen1]

India end is near.They will soon break into small parts and kashmir issue will cost them high and after revoking 370 there is high level of insecurity in businessman and public within india due to undemocratic stance of modi govt

 

[Crusher]