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  Large scale manufacturing numbers finally turned positive in January, after a much-painful wait. That should bring smiles on some faces. But a closer look shows that the LSM sector isn’t really marching towards the elixir of prosperity. Data released by the Federal Bureau of Statistics show that of the list of items that showed positive year-on-year change in the first seven months of the current fiscal year, only a few formed a part of the real industrial base or were otherwise employment-heavy businesses in themselves. Prominent in these were; producers of Jeeps/cars/LCV, cotton yarn/cloth and hydrochloric/sulphuric acids. The whole of the ‘more important’ business segments -- such as producers of kerosene oil, HSD, motor spirits, soda ash, caustic soda, cement, glass, pig iron, coke, paints, deep freezers, and other electric appliances like fans, bulbs, and motors -- saw a decline in the first seven months. Some of this decline can be attributed to ...