GS-3, Indian Economy, Uncategorized

Government approves capital goods sector policy

The Hindu News First -ever policy for the capital goods sector approved by the Cabinet . Key points of the policy It aims to triple the value of production of capital goods to Rs.7.5 lakh crore by 2025 and create more than 21 million jobs. It envisages increasing exports to 40 per cent of production… Continue reading Government approves capital goods sector policy

Editorials, GS-3, Indian Economy, Uncategorized

Annual core sector growth at decade low as steel drags

The Hindu India’s annual core sector growth slowed to a decade low of 2.7 per cent in 2015-16, slower than the 4.5 percent pace in the previous financial year, according to government statistics. The growth was pulled down by steel and crude oil. Both of these saw output contracting by 1.4 per cent. Natural gas… Continue reading Annual core sector growth at decade low as steel drags

Editorials, GS-3, Indian Economy, Uncategorized

How reforms killed Indian manufacturing

Article Link Manmohan Singh, the then minister of finance, ended his budget speech of 1991–1992 with a quote from French novelist Victor Hugo: “No power on earth can stop an idea whose time has come.” He then went on to conclude with the declaration: “Let the whole world hear it loud and clear. India is… Continue reading How reforms killed Indian manufacturing