The volume of entire warehouse sector has been pegged at a value of USD 7.8 bn with the exponential growth of 10 pc annually.

The immediate benefit is increased cash flows to corporate India.

Total handsets produced in India clocked 290 million units valued at Rs 1,81,000 crore during 2018-19.

The announcement has come just ahead of the festive season sales and would positively impact the sales of LED TV panels.

The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.

Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August.

Both the manufacturing and services industry, fell from 53.9 in July to 52.6 in August.

On the employment front, the survey said weak sales prevented manufacturing firms from replacing retirees and voluntary leavers.

I am meeting industries and taking their inputs, suggestions on what they would want and expect from govt, said FM Nirmala Sitharaman.

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.