English | دری

India’s manufacturing activity boosts in November

in International Business

India’s manufacturing activity boosts in November

India’s industrial output rose 8.2% from a year earlier, while the analysts had predicted a rise of 4.5%.

The jump in the figures is linked to the holiday season of Diwali, which is traditionally associated with a surge in consumer demand in India, celebrated in November.

Analysts, however, said that the data does not indicate recovery in India’s economy, as the data is helped by a low base.

“It’s a positive surprise, but bear in mind the jump is distorted by last year’s low base, and this is going to reverse in November,” said Rajeev Malik, a senior economist with CLSA.

 



Related Articles

Eurozone manufacturing output showed slight upturn

Eurozone’s Purchasing Manager’s Index (PMI) went up from 45.1 in August to 46.1 in the month. The manufacturing output has

Obama names surprise World Bank candidate Jim Yong Kim

President Obama has nominated Korean-born US academic Jim Yong Kim to be the next president of the World Bank. The

Japan’s Trade Deficit Surging in the First Quarter

Japan’s trade deficit hit its highest in January with exports dipping 9.3% from a year earlier, while imports rising 9.8%.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.