Loading...

 

 
Loading...

    

   
               MnetTV          

Search Manufacturing.net Search Manufacturing.net
Loading...


Resources
About Us
Advertise With Us
Association Links
Audio
Blogs
Bookstore
Career Center
Editorial Contacts
Events Calendar
Videos
What’s New
White Papers

News
Featured Articles
Financial News
Global Manufacturing
Government News
Gulf Oil Spill Coverage
Mergers & Acquisitions
News Archive
New Products
Offbeat News
People in the News

Market Sectors
Aerospace
Automotive & Transportation
Chemical & Petroleum
Electrical & Electronics
Food & Beverage
Heavy Machinery
Medical
Metals
Pharmaceuticals & Biotech
Plastics & Rubber
Other Manufacturing

Industry Focus
Design & Development
Energy
Environmental
Facilities & Operations
Labor Relations
Manufacturing Technology
Materials
Quality
Safety
Supply Chain

Our Partner Sites
Chem.Info
ECN
Food Manufacturing
IMPO (Industrial Maintenance & Plant Operation)
Medical Design Technology
Pharmaceutical Processing
Product Design & Development
R & D Magazine
Wireless Design & Development
Wireless Week

Loading...

Loading...

Loading...

India Industrial Output Up 16 Percent
By Erika Kinetz, AP Business Writer
Manufacturing.Net - March 12, 2010

Printer Friendly     E-mail to a Colleague
Loading...

MUMBAI, India (AP) -- India's factory output surged 16.7 percent in January from a year earlier -- its fourth month of double-digit expansion -- as government measures to stimulate demand give way to a deepening economic rebound, official figures showed Friday.

The Ministry of Statistics also revised up its industrial production growth figure for December, from 16.8 percent to 17.6 percent, which is the sharpest monthly rise in at least five years.

Manufacturing output rose 17.9 percent in January from a year earlier, with 14 of 17 industry groups showing gains, the government said.

Transport equipment and parts showed the largest growth, surging 57.6 percent from a year earlier. Vehicle sales in India have been on the rise for 13 months, part of an accelerating auto boom driven by government stimulus, rising incomes, pent up demand, and buying in advance of tax hikes.

Capital goods output rose 56.2 percent and consumer durables production rose 31.6 percent in January.

Macquarie Securities economist Rajeev Malik cautioned in a research note this week that India's recovery, though stronger than expected, remains somewhat restricted to sectors that have benefited from stimulus measures which are unlikely to be repeated.

"Away from the glossy headline IP growth, the underlying recovery is still narrowly based, although it will broaden and become more entrenched in the coming months," he said.

He predicts the central bank will hike policy rates by one percentage point at its April meeting.


Printer Friendly     E-mail to a Colleague



Talkback!
Manufacturing.net is pleased to provide you an opportunity to share your opinions on any of the news stories or articles on our site. We reserve the right to edit/remove comments.
Viewing 0 User Comments
Add a Comment


Add a Comment...

E-Mail:
The content of this field is kept private and will not be shown publicly.

Subject:
Comment:

Loading...

 

     



  

Loading...

 


Loading...


Loading...

Most Popular News Stories of the Week
Loading...