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

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...



Italtex is a leading studio publishing fabric trend-books since 1959....

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


Leave your Comments

November 2020

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

Advanced Search