Sunday, June 15, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Double-digits IIP growth inspiring

Fiinews by Fiinews
May 15, 2021
in Banking & Finance, Economy, Investment, Manufacturing
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

PHDCCI happy that CPI inflation has come down

Double digit growth at 22.4% in the Index of Industrial Production (IIP) for the month of March 2021 is inspiring and indicate that economic recovery in the month of March 2021 was well in the right direction, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry.

The growth of consumer durables at around 55% followed by the growth of capital goods at around 42%, Infrastructure and Construction goods at around 31%, Consumer non-durables at around 28%, manufacturing at around 26% in March 2021, indicate that the recovery was broad based on the back of various reforms undertaken by the Government during the last one year, said Aggarwal in a release on 12 May 2021.

However, the emergence of second wave of Coronavirus in the month of April 2021 has posed serious challenges to the economic recovery in the coming months and to attain an anticipated double digit growth trajectory in 2021-22, Aggarwal pointed out.

Prolonged State wise lockdowns and curfews in many parts of the country will have impact on recovery process with contraction in demand and subdued investment activity, he believed.

At this juncture, Aggarwal called for speedy vaccination of all the people above the age of 18 years along with enhanced production possibilities of the vaccine would diminish the pandemic impact on the growth of economy and businesses.

“We are happy to note that CPI inflation has also come down to 4.29% in the month of April 2021 which is now well within the RBI’s target band of 2%-6%. At this juncture, we expect that RBI should take more liberal policy measures to enhance liquidity in the economy and easier availability of credit to industry,” he said. #economy #manufacturing #investment #consumer /fiinews.com

Tags: PHDCCI
ShareTweetShare

Related Posts

Grainspan
Manufacturing

Manufacturing: Grainspan supplies ethanol to OMCs

by Fiinews
June 15, 2025
0
11

Ahmedabad plant takes advantage of Govt interest subsidy. Encouraged by the Union Food Ministry's interest subsidy scheme, Grainspan Nutrients’ two...

Garuda Aerospace
Manufacturing

Manufacturing: Agri-Drone Facility inaugurated

by Fiinews
June 15, 2025
0
12

BDA brings component manufacturers under one roof Minister of State for Rural Development Kamlesh Paswan has inaugurated Garuda Aerospace's new...

Clearsynth

Manufacturing: TDB supports Clearsynth project

June 14, 2025
12
Minda

Manufacturing: JV to make auto switches in Noida

June 13, 2025
15
IREDA

Invest: IREDA raises Rs.2,005.9cr of Green Finance

June 13, 2025
16
Solarium

Manufacturing: Solarium’s 1,000MW Ahmedabad plant

June 12, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Infobell-AMD expand AI collaboration
  • Manufacturing: Grainspan supplies ethanol to OMCs
  • Project: Mont Vert to build Kazakh Hospital
  • Project: CMA CGM in discussions with Shipping entities
  • Project: Minister reviews GHAVP plant

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.