India’s industrial activity expects to gather pace: Crisil Research

22 Feb 2022 CW Team

The industrial activities in India are expected to gather pace in the coming months due to a gradual pick-up in consumption and investment demand.

The latest Index of Industrial Production (IIP) printed at 138 index reading representing a 0.4% year-on-year (YoY) growth, down from 1.3% growth in November.

According to Crisil Research, there was an improvement in the momentum in industrial activity in December and expected to ease raw material supply disruption.

Besides, the slowdown in on-year IIP growth to 0.4% in December, from 1.3% in November, reflected weaker manufacturing activity at 77.6%, the largest component of IIP.

IIP declined by 0.1% YoY in December, whereas mining and electricity increased by 2.6% and 2.8%, respectively, showing an overall decline in IIP growth.

The weakness in manufacturing growth was in sync with the Purchasing Managers Index, which eased to 55.5 in December from 57.6 in November.

According to Crisil Research, industrial growth declined in January due to rising Omicron cases. It could also have slowed demand and logistics.

Raw material shortages are also getting managed, and consumption and investment demand are expected to increase. Moreover, the government is expected to step up capital expenditure (capex), which should increase the pace of the manufacturing of infrastructure-related products and services.

Image Source

Also read: Real estate sector to completely recover in FY24: CRISIL

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..