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Make in India played tremendous role in latest GVA numbers: Piyush Goyal

Business Standard LogoBusiness Standard8h ago

Make in India played tremendous role in latest GVA numbers: Piyush Goyal - Business Standard

Quick Summary:

When asked about what the latest GVA numbers suggest regarding the future trajectory of India's economy, Goyal emphasised that global recognition of India's economic strength is growing.Core sector contracts 1.

The fact that we have surpassed pre-pandemic levels now, the way the growth continues in a sustained manner in basic metals, coke and refined petroleum products, food production, chemical and chemical production-based industries, and motor vehicles, demonstrates that India is a combination of manufacturing and consumption-led growth.

Manufacturing Gross Value Added (GVA) of the country grew robust 7.3 per cent in 2022-23 at Rs 21.97 lakh crore (Rs 20.47 lakh crore), the latest Annual Survey of Industries (ASI) released showed.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 08:24:18 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 787 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22825130

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 300 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

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Publisher ID: #49

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