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India's factory output measured by the Index of Industrial Production (IIP) posted a robust growth of 19.6 per cent in May 2022, sharply higher from 7.1 per cent recorded in the previous month, as per the government data released on Tuesday.
India has improved its position consistently in the past four years, according to data released by PHD Chamber of Commerce and Industry.
Get latest articles and stories on Business at LatestLY. Despite the massive disruptions in both demand and supply side factors caused by the COVID-19 pandemic and the Russia-Ukraine conflict India has shown the most consistent improvement in macroeconomic performance among the top 10 economies in the world, an industry body said in a report. Business News | India Best Performing Among Major Economies in the World: Report.
Despite the massive disruptions in both demand and supply-side factors caused by the COVID-19 pandemic and the Russia-Ukraine conflict India has shown the most
According to the minister, the government is coming up with certain initiatives like a pharma research policy to uplift industry-academia linkages to magnify research