Mild recovery not enough; manufacturing needs to grow faster to create jobs ...Middle East

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New Delhi:  India’s manufacturing sector staged a mild recovery in the last quarter of 2022-23, after half a year of contraction, and continued to expand at a moderate pace with a 4.7% growth in the first quarter of the current financial year. Official figures released on Thursday show a 9.3% growth in the manufacturing sector during August but this is compared to a low base of the previous year when output contracted. Since the manufacturing sector holds the key to providing quality jobs to the country’s young graduates passing out of engineering institutes and universities, it needs to grow at a much faster and steadier pace. The Government’s National Manufacturing Policy has set an ambit

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