Steps Taken to boost Industrial Growth Rate

Press Information Bureau

Government of India

Ministry of Commerce & Industry

07-December-2011 15:14 IST

Industrial growth, measured in terms of the Index of Industrial Production moderated to 5 percent in April-September 2011-12 compared to 8.2 percent registered in the corresponding period of previous year.

The sector-wise details of Industrial growth for the last six months is shown in the table given below:- 

Various steps have been taken by the government to boost industrial production which, inter-alia, include promotion and facilitation of industrial investment including the foreign direct investment, improvement in business environment, development of industrial and other infrastructure through public private initiatives, incentivizing research and development, and development of industry related skills.  Government in November, 2011 also announced a National Manufacturing Policy, which aims at making industry globally competitive.

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

DS/GK