Index of Industrial Production (IIP) grew at 17.4 per cent (YoY) during April-November 2021 as compared to (-) 15.3 per cent in April-November 2020.
The share of the industrial sector in the nominal GVA (at current prices) was 25.9 per cent in 2020-21.
Manufacturing sector has an average share of 16.3 per cent in nominal GVA over the last decade
Gross Fixed Capital Formation
During 2019-20, the share of industrial sector in total GFCF in the economy (at current prices) was 30.1 per cent, slightly lower than 31 per cent in the previous financial year. Within the industrial sector, the share of manufacturing in GFCF was 51 per cent, followed by electricity at 23 per cent, construction at 21 per cent, and mining with 5 per cent.
FDI
Over the last seven financial years (2014-21), India received FDI inflow worth US$ 440.27 billion which is nearly 58 per cent of the FDI received by the country in the last 21 years (US$ 763.83 billion).
FDI policy has been further liberalized and a FDI Monitoring Cell’ has been formed which follows up with applicant/ investor, to expedite FDI proposals with a view identify and hurdles if any.
Disinvestment
In accordance with Union Budget 2021-22 announcement, the government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
MSMES
MSMEs share in total GVA (current prices) for 2019-20 was 33.08 per cent.
MSME definition has been revised by the government, which will now be according to Investments and Turnover.
As on 17.01.2022, 66,34,006 enterprises have registered on the Udyam portal, out of which 62,79,858 are micro; 3,19,793 are small; and 34,355 are medium enterprises.
Now street vendors can also register as retail traders on Udyam Registration (UR) portal and avail the benefit of priority sector lending
Textiles
Government notified 7 PM MEGA INTEGRATED TEXTILES REGION AND APPAREL PARK (MITRA) in October 2021 with a total outlay of Rs. 4,445 crores to improve the competitiveness of the sector.
It is inspired from 5F’s -farm to fibre; fibre to factory; factory to fashion; fashion to foreign. It will strengthen the textile sector by developing integrated large scale and modern industrial infrastructure facility for entire value-chain of the textile industry.
Electronics
The government has approved an outlay of Rs. 76,000Crore for the development of Semiconductors and Display Manufacturing Ecosystem.
A portal called “PARAKH” has been set up in June 2021, wherein all the accredited, certified and recognised laboratories in the country would be mapped on a Geographic Information System (GIS). It will improve testing and certification and enhancing the competitiveness of Indian goods and services.
Pharmaceuticals
Production linked incentive (PLI) scheme for Bulk drugs has been approved for promotion of domestic manufacturing of 53 critical APIs.
Production linked incentive (PLI) scheme for Pharmaceuticals has been approved by the Government of India on 24th March, 2021.
Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices was approved on 20th March, 2020.
Infrastructure
For development of Infrastructure, National Monetisation Pipeline and National Infrastrucutre Pipeline have been launched to provide world-class infrastructure across the country, and improve the quality of life for all citizens.
Transport and Communication
Roads: There has been a consistent increase in the construction of National Highways/roads since 2013-14 with 13,327 kms of roads constructed in 2020-21 as compared to 10,237 kms in 2019-20, an increase of 30.2 per cent over the previous year.
Railways: An average of 1835 track km per year of new track length has been added through new-line and multi-tracking projects during 2014-2021 as compared to the average of 720 track kms per day during 2009-14.
Capital expenditure for the Indian railways has increased to Rs. 155,181 crores in 2020-21 from an average annual of Rs. 45,980 crores during 2009-14 and it has been budgeted to further increase to Rs. 215,058 crores in 2021-22 – a five times increase in comparison to the 2014 level.
Civil Aviation: The domestic traffic in India has more than doubled from around 61 million in 2013-14 to around 137 million in 2019-20, registering a growth of over 14 per cent per annum.
M/s Talace Pvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt. Ltd was awarded 100 per cent equity shareholding in Air India along with equity shareholding of Air India in Air India Express Ltd. (AIXL) and AISATS.
Ports: 181 projects worth Rs. 94,712 crore have been completed and 223 projects worth Rs. 2.11 lakh crore are under implementation under the Sagarmala scheme.
Telecom: The total telephone subscriber base in India has increased from 933.02 million in March 2014 to 1200.88 million in March 2021.
In March 2021, 45 per cent of subscribers were based in rural India and 55 per cent in urban areas.
Under BharatNet project, as on 27.09.2021, 5.46 lakh km Optical Fiber Cable has been laid, a total of 1.73 lakh Gram Panchayats (GP) have been connected by Optical Fiber Cable (OFC) and 1.59 lakh Gram Panchayats are service ready on OFC.
Electricity
Thermal sources of energy make the largest – 61.42 per cent share of total installed capacity, followed by renewable energy resource with 24.7 per cent and hydro by 12.09 per cent.
Renewable Energy: During the last 7.5 years renewable energy capacity has grown by 2.9 times and solar energy has expanded by over 18 times.
