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Manufacturing Sector Clocks Highest Growth of 13% in Nine Quarters
September 17, 2018
In a welcoming news, the manufacturing sector was found to have grown by 13.1% during the quarter ending in June which gave a decent push to the country’s Gross Domestic Product (GDP). This is the highest growth achieved in the past 9 quarters.
Experts believe the impressive growth is largely due to the key sectors viz. consumer durables, petroleum products, engineering, and textiles.
NITI Aayog chairman Amitabh Kant said that with the manufacturing sector growing well, the banks must ensure smooth flow of credit as the demand is likely to increase soon.
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