Home / Knowledge / News / Textiles / India's Manufacturing GVA for Q2 FY17 grows 7.1%
India's Manufacturing GVA for Q2 FY17 grows 7.1%
Dec '16
The quarterly gross value added (GVA) at basic prices for the second quarter of fiscal 2016-17 for the manufacturing sector, which includes the textile manufacturing industry, grew by 7.1 per cent. It recorded a decrease compared to 9.2 per cent growth in the same quarter last year, according to the Indian ministry of statistics and programme implementation.

The private corporate sector growth, which has a share of over 70 per cent in the manufacturing sector, as estimated from available data of companies listed with BSE and NSE, is 11.9 per cent at current prices during Q2 of 2016-17, says the report released by the central statistics office (CSO).

The growth in quasi-corporate and unorganised segment, which includes individual proprietorships and partnerships, and khadi and village Industries, with a share of around 22 per cent in the manufacturing sector, has been estimated using the Index of Industrial Production (IIP) of manufacturing. IIP manufacturing registered growth rate of 0.9 per cent during Q2 of 2016-17 as compared to 4.7 per cent in Q2 of 2015-16.

The overall GDP at constant (2011-12) prices in Q2 of 2016-17 is estimated at 29.63 lakh crore, as against 27.62 lakh crore in Q2 of 2015-16, showing a growth rate of 7.3 per cent. The overall quarterly GVA at basic price at constant (2011-12) prices for Q2 of 2016-17 is estimated at 27.33 lakh crore, as against 25.52 lakh crore in Q2 of 2015-16, showing a growth rate of 7.1 per cent over the corresponding quarter of the previous year.

While the Indian GDP growth rate of 7.3 per cent in Q2 of 2016-17 is slightly higher than the growth of 7.1 per cent in the previous quarter of this fiscal, it dropped from the GDP growth of 7.6 per cent in Q2 of 2015-16. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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