Lok Sabha Question No. 2450 (UNSTARRED), answered on 2016-08-01
Subject: Performance of Industrial Sector
Ministry: COMMERCE AND INDUSTRY
Asked by: PANKAJ CHOWDHARY, RAJ KUMAR SINGH

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

## LOK SABHA

UNSTARRED QUESTION NO. 2450. TO BE ANSWERED ON MONDAY, THE 1 ST  AUGUST, 2016.

## PERFORMANCE OF INDUSTRIAL SECTOR

## 2450.  SHRI PANKAJ CHAUDHARY: SHRI R.K. SINGH:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज् यवव द्यग ं ्री

- (a) whether the production in basic industries has declined during the last three years;
- (b) if so, the details thereof;
- (c) whether  the  industrial  growth  and  rate  of  job  creation  also  declined  in  the country during the said period and if so, the details thereof and the reasons therefor; and
- (d) the  steps  taken/proposed  to  be  taken  by  the  Government  to  enhance industrial growth and industrial production in the country?

## ANSWER

## वाणिज् यवव द्यग ााज् यं ्रीस् वतं ््रभााा(स्रींतंरीिरंमलााीरीतंाांि( THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF COMMERCE & INDUSTRY (SHRIMATI NIRMALA SITHARAMAN)

The Index of Eight Core Industries (ICI) measures performance of eight core industries at  the base of year 2004-05. The annual index of ICI was  161.2,  168.5  and  173.0  during  2013-14,  2014-15  and  2015-16 respectively  which  shows  that  the  production  of  core  industries  has

- (a) & (b): continuously increased during the last three years.
- (c): The rate of industrial growth, measured in terms of Index of Industrial Production (IIP) at the base of year 2004-05, was (-) 0.1 % in 2013-14,
- 2.8 % in 2014-15 and 2.4 % in 2015-16.

As  per  the  Labour  Bureau's  Quarterly  Quick  Employment  Surveys, estimated  employment  generated  in  selected  labour  intensive  and export-oriented sectors has witnessed net addition of 4.19 lakhs jobs during  January,  2013  to  December,  2013,  4.21  lakhs  jobs  during January, 2014 to December, 2014 and 1.35 lakhs jobs during January,

2015 to December, 2015.

The reasons for the slowdown in industrial growth and job creation in recent past are, inter-alia, moderation in domestic demand, inflationary pressures and slowdown in economies of other parts of the world.

- (d): The  Government  is  continuously  taking  steps  to  boost  the  industrial production and growth. These inter-alia, include Startup India initiative as well as 'Make in India' programme under which 25 thrust sectors to provide  a  major  push  to  manufacturing  in  India  have  been  identified. The steps have been taken to create ease of doing business, including setting  up  of  an  Investor  Facilitation  Cell,  launch  of  e-biz  Portal  and liberalising  policy  for  industrial  license  for  defence  industries.  The Foreign  Direct  Investment  (FDI)  policy  and  procedures  have  been simplified  and  liberalised  progressively.  For  creation  of  state-of-art infrastructure,  Government  is  implementing  Delhi  Mumbai  Industrial Corridor  (DMIC)  project.  In  addition,  a  number  of  other  industrial corridor projects have been conceptualized.

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