The Times Of India has been reporting for months that the Indian manufacturing sector has become one of the biggest losers in the world, as its economies stagnate, wages stagnate and manufacturing is forced to shut down.
The latest data show that the world’s third-largest economy has fallen to the sixth-worst of all.
The news comes at a time when the government of Prime Minister Narendra Modi is attempting to revive the country’s economy, as well as revive the manufacturing sector, and this news may be an indication that the government will be able to do that.
The government’s new Manufacturing Council is expected to be launched in January and will be tasked with “advance the economic development of the country through innovation and entrepreneurship.”
Modi has been trying to revive India’s economy since he took office in 2014.
But it has struggled to keep up with a rapid industrialisation in China, where the government has invested heavily to make the country one of its top manufacturing markets.
This month, the government announced a new policy of “industrialisation in one go” that will see India boost the pace of industrialisation, and boost the countrys exports to the world by an average of 11 percent annually, up from 5 percent in 2019.
In the process, the Indian economy has been struggling with high inflation, which has been a major concern of the Modi government.
The RBI said that inflation in India is now hovering at 8.9 percent, up 1.4 percentage points from last year.
This is the third consecutive year of inflationary growth, with India’s growth rate having slipped below 2 percent since November.
However, the central bank has been warning the Indian public that inflation is not going to get any lower, and is expected by experts to rise to around 6.5 percent by March 2019.
This has prompted many economists to warn that the RBI should act to curb inflation, and the government should implement a policy of low interest rates to boost the economy.
A new government policy would be the first to address the issue of inflation.
The previous government, led by the Congress party, has repeatedly said that it is not doing enough to tackle inflation, despite the fact that the country has witnessed a rapid rise in inflation.
A key factor is the rising cost of imports, which are rising faster than the economy’s overall growth.
“The Modi government has announced a policy to stimulate the economy by making low interest rate policy applicable to the Indian consumer.
However, it is still unclear whether this will help India achieve its economic growth targets,” said Ashish Srivastava, vice president, macro strategy, Capital Economics, in a research note.
On Wednesday, the World Bank said that India’s inflation rate is expected “to continue to increase, rising to 7.5% by 2019,” as a result of the “favorable” environment that the Modi-led government has created.
The bank also said that the economic slowdown is affecting “many sectors in the economy,” such as manufacturing and transport.
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