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Manufacturing Pains

The manufacturing sector, the major holder of IIP, is dragging the index numbers down due to weak output.
Graphic by: Nilanjan Das & Research by: Avneet Kaur | Print Edition: August 14, 2016

The manufacturing sector, the major holder of IIP, is dragging the index numbers down due to weak output. The sector remains sluggish in expanding capacities, too. New investment projects are getting announced, but only a few are seeing work start. Also, a big chunk of projects that were already underway are in trouble. Low capacity utilisation and low ROCE are the main deterrents.

 

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