Home / Knowledge / News / IIP growth figures fall 5.8 percent from April-Oct
IIP growth figures fall 5.8 percent from April-Oct
12
Dec '08
Commenting on the October IIP figures the CII Director General, Mr Chandrajit Banerjee said that this is a clear indication that industry needs the highest attention. CII had already projected that the second half of the year would start reflecting a combination of factors including the developed world recession, the lagged effects of the previous rate rises in India and the emergence of a credit crunch in the country.

It is imperative to ensure that these factors do not continue to play out over the coming months and need to be dealt with using more counter cyclical measures to boost the industry.

Expressing hope that the fiscal package announced on 7 December would provide part of the much needed impetus to industrial growth, CII said that the package needs to be seen as only the beginning as sector specific government interventions are required to ensure that the industrial slowdown is not precipitated any further, in the Press Release issued here today.

The matter assumes additional seriousness since a (-) 1.2 percent growth in manufacturing poses a real threat to the employment prospects of the economy. This also calls into question the overall growth estimates for 2008-09 since the April to October IIP growth figure stands at a mere 4.1 percent as against 9.9 percent in the same period last year, said the CII release.



Confederation of Indian Industry


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search