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Indian manufacturing grows 8.2% in April-Sep 2015

By Niranjan Mudholkar,

Added 08 December 2015

India ranked number one FDI destination in the world during the 1st half of 2015.

Growth rate of the Gross Value Added (GVA) at Basic Price at constant (2011-12) prices in manufacturing sector was 5.3 % in 2013-14 and 7.1 % in 2014-15. During April-September, 2015-16, it has shown a growth of 8.2 %. Thus, there is no decline in the growth of manufacturing sector.

The Government has initiated a vast number of measures including the Make in India initiative, opening up the FDI regime and enhancing Ease of Doing Business to drive manufacturing, innovation and design in India.

In November, 2015 a global consultancy firm namely Ernst & Young (EY) India conducted the India Attractiveness Survey 2015, where they had taken responses of 505 investors on three most attractive markets for investment.  On the basis of response received from these investors and data provided by FDI Markets (a service of The Financial Times Limited), India ranked number one FDI destination in the world during the 1st half of 2015.

Government has put in place a liberal and transparent policy for Foreign Direct Investment (FDI), including investments from Non-Resident Indians (NRIs), where most of the sectors are open to FDI under the automatic route.

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