India’s Index of Industrial Production (IIP) slipped to a three-month low of 4% in September 2025, reflecting slow growth in mining, primary goods, and consumer non-durables sectors. While consumer durables and manufacturing saw improvement due to GST reforms and festival demand, the overall industrial activity in the first half of FY 2025-26 was the slowest in five years. Government measures like GST rate cuts, PLI schemes, MSME credit support, and infrastructure development aim to revive growth. A holistic approach involving investment promotion, modernization, skill development, and policy stability is critical to sustain industrial growth and boost economic resilience.
Click to View MoreIndia is taking several steps to boost exports, including GST rate cuts, Production-Linked Incentive (PLI) schemes, and trade infrastructure upgrades. These measures aim to make Indian goods more competitive globally, diversify export markets, and promote sustainable, value-added growth in line with international standards.
Click to View MoreThe Production-Linked Incentive (PLI) scheme is a strategic economic plan aiming to transform India into a global manufacturing hub. It encourages large-scale investment, boosts exports, and creates jobs. Despite facing implementation challenges, its sectoral approach and performance-based design are crucial for its potential success.
Click to View More
© 2025 iasgyan. All right reserved