Industrial activity grows 5.7% in Nov despite demonetisation
The Dollar Business Bureau Notwithstanding the government’s demonetisation drive, India’s industrial activity grew to a 13-month high, at 5.7% in November, while overall domestic economic activity also registered an upward movement, according to the data released by the Index of Industrial Production (IIP). The manufacturing industry, which makes up 75% of the index, expanded 5.5% in November, against a 2.4% decline in October. Electricity generation rose almost 9%, against just 1% a year ago; mining production rose 4%, against a decrease of 0.7% in November 2015. After a 27% decline in October, capital goods, too, witnessed a spurt of 15%. In automobile segment, tractors production was up 95%, passenger car production was up 29.5% and motor vehicles, trailers & semi-trailers production grew ...
Bengal pins hope on business summit amid subdued activity
Source: PTI The event beginning January 7 assumes even larger significance as the year 2015 did not see much industrial activities fructifying on the ground Expectations are running high from the upcoming Bengal Global Business Summit, after a year marked with subdued industrial activities and mounting woes for the traditional jute and tea industries. The three-day Summit, beginning January 7, is being showcased by the Mamata Banerjee as a platform to be part of “a new, business-ready Bengal”, after investment commitments to the tune of Rs.2.43 lakh crore received in its last edition in 2015. The event assumes even larger significance as the year 2015 did not see much industrial activities fructifying on the ground while the state is also headed ...
