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QUALITY CONTROL AND INDIA’S MANUFACTURING GROWTH Syllabus: GS-3: Effects of Liberalization on the Economy Industrial Policy and their Effects on Industrial Growth Why in the News? India is reassessing its expanding Quality Control Orders (QCOs) amid concerns that mandatory certification can raise input costs, restrict supply and weaken manufacturing competitiveness. The issue was also raised …
Read MoreNational Manufacturing Mission (NMM): Driving India’s Manufacturing Future The National Manufacturing Mission (NMM), introduced as part of India’s broader economic strategy, aims to revolutionize the country’s manufacturing sector, positioning India as a global manufacturing hub. This mission is a key component of the Make in India initiative and is designed to enhance India’s industrial base, …
Read MoreWhy in the news? India’s real Gross Domestic Product (GDP) for FY24 grew by a faster-than-expected 8.2%, exceeding the initial projection of 7.3% by the National Statistical Office (NSO). Nominal GDP witnessed a growth rate of 9.6% in FY24, with real Gross Value Added (GVA) expanding by 7.2%. The significant growth in the manufacturing sector …
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