Slow-Down in Industrial Production Growth

Press Information Bureau
Government of India
Ministry of Commerce & Industry

30-November-2011 12:09 IST

Measured in terms of Index of Industrial Production (IIP), there has been a moderation in the growth of industrial production in August, 2011 as compared to the corresponding month of the previous year, as given in the table below:- 

Various steps have been taken by the government to boost industrial production which, inter-alia include promotion and facilitation of industrial investment including foreign direct investment, improvement in business environment, development of industrial and other infrastructure through public-private initiatives, development of industry relevant skills etc. Government in November, 2011 also announced a National Manufacturing Policy, which aims at bringing down compliance burden of industry through self-regulation and help industry to become globally competitive.

This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Rajya Sabha today.

DS/GK