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2016-08-31 ArtNo.45844
◆India can become a manufacturing hub
 【New Delhi】India can become a manufacturing hub. For this, it must entrench itself in both the high-volume and innovation-driven segments. It has the scientific expertise to do so, according to Ajay Srivastava, an Indian trade service officer. We are talking about increasing manufacturing’s share in GDP from current 17.4% to 25% by 2025. What is the scale of output required and how can this be achieved? Consider the following details: Even at 6% annual GDP growth rate, India by 2025 would need to expand its manufacturing value add (MVA) to US$ 837.7 billion and manufacturing gross output (MGO) to US$ 3.8 trillion to meet this target. Such large values will bring us in league of top manufacturing nations: China, United States, Germany, Japan and Korea. However, becoming a true manufacturing nation or reaching large scale of manufacturing output would require India to develop capabilities in core products and also organize large scale production in peripheral products. This will require targeting the following 4 product groups. Each requires a different focus. ○Most CFOs optimistic about country's economy: Survey  【New Delhi】Majority of chief financial officers working at companies in India are optimistic about the country's mid term as well as long term economic prospects, says a survey The survey by consulting major Deloitte found that strong economic performance amid global challenges, ongoing reforms, fiscal discipline and astute monetary policy have contributed in shaping the positive outlook. Around 90 per cent of the CFOs are optimistic about the mid-term outlook and 94 per cent of them have expressed confidence on the economy even in the long term, it noted. ○WPI inflation hits 23-month high of 3.55% in July  【New Delhi】Wholesale price inflation rose to 3.55 per cent in July, a 23-month high, driven mainly by inflation in the food category, which rose to double digits for the first time since December 2013. The wholesale price index nearly doubled its growth rate in July as compared to the 1.62 per cent its saw in June, making it even more unlikely that the Reserve Bank of India will cut interest rates in its next meeting, according to experts. Food inflation came in at a blistering 11.8 per cent, the highest it has been in 31 months, up from the 8.2 per cent seen in June. 【News source】 India can become a manufacturing hub Most CFOs optimistic about country's economy: Survey WPI inflation accelerates to 3.6% in July, food inflation enters double digits Hot potato: July WPI inflation at 2-year high July WPI inflation hits 23-month high of 3.55% ○One world： The aim of SEAnews ◆Recruitment of Ad-SEAnews CanvassersYour Comments / UnsubscribeSEAnews MessengerSEAnewsFacebookSEAnewsGoogleSEAnews eBookstoreSEAnews eBookstore(GoogleJ)SEAnews world circulation |
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