Virmani said industrial power tariffs in several states are priced well above the cost of production, effectively acting as a tax on manufacturing and job creation. While the central government has addressed many long-standing hurdles through labour law consolidation, tax reforms and regu
India's industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.