Significant up-tick in IIP indicate visible improvement in business environment: PHD Chamber

Significant up-tick in IIP indicate visible improvement in business environment: PHD Chamber

Significant up-tick in IIP indicate visible improvement in business environment: PHD Chamber

 

No.PR-4
April 10, 2015
New Delhi
 

Significant up-tick in IIP indicate visible improvement in business environment: PHD Chamber
 

Significant uptick in IIP at 5% growth is encouraging and indicating a visible improvement in the business environment, said Mr. Alok B. Shriram, President, PHD Chamber in a press statement issued here today.
 

Rebound in the growth of capital goods during the recent months is indicative of a positive turn in the investments cycle, said Mr. Shriram.
 

Capital goods registered a growth of 12.5% in January 2015 and 8.8% in February 2015 while the overall IIP increased from 2.8% in January 2015 to 5% in February 2015.
 

Consumer goods registered a remarkable growth of 5.2% in February 2015 as compared to (-)1.8% in January 2015.
 

Plethora of policy pronouncements if implemented from the grassroots level, can push industry in double digit growth trajectory in the coming times, he said.
 

Things are still challenging at the ground level such as from rural roads to railways, airports and ports which needs facilitation for the ease of doing business, added Mr. Shriram.
 

Dynamic policy pronouncements must be implemented with full enthusiasm at the ground level also, he said.
 

Going ahead, we expect the effective implementation of the policy environment to not only improve the growth and competitiveness of the industrial sector but also to push economic growth on high road, said Shriram.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)