Nikkei PMI has positive news for Indian manufacturing and services
By Abin Daya It just might be that things are slowly falling in place for the Indian economy. The Nikkei Purchasing Manager’s Index for Manufacturing and Services has positive news, both in performance and sentiments. What we now need is better capacity utilisation leading to improvement in private investment. A good monsoon this year should create that. Some indication of that is also seen in the performance of the infrastructure industries during the month of March. Performance improved from 1% growth in Feb, to 5% growth in Mar, though it was far from the 9.3% growth achieved a year back. While growth for the full year improved from the previous FY, the fertiliser industry seems to have been badly affected. One topic that ...
Employment likely to grow in tandem with growth in MSME sector
The Dollar Business Bureau “With the Ministry of MSME implementing a number of schemes and programmes for the benefit of MSME Manufacturing sector across the country relating to credit, infrastructure development, and technology upgradation, employment in MSME manufacturing segment is growing in tandem with the growth in the number of enterprises,” said Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh. The MSME Manufacturing sector has great potential to create more jobs in the country. As per the results of Fourth All India Census of Micro, Small & Medium Enterprises (MSME) and Economic Census 2005, the number of working enterprises in MSME sector was 361.76 lakhs in the year 2006-07 and was 467.56 lakhs in the year 2012-13 ...
