Arab Today, arab today india factory output hits 9month high
Last Updated : GMT 04:26:53
Arab Today, arab today
Arab Today, arab today

India factory output hits 9-month high

Arab Today, arab today

Arab Today, arab today India factory output hits 9-month high

Prime Minister Narendra Modi
New Delhi - AFP

India said Friday its industrial production grew by five percent in February, its highest rate in nine months, indicating a boost in Asia's third-largest economy.

The year-on-year jump in production by Indian factories, mines and utilities was higher than the revised 2.8-percent growth recorded in January and beat economists' expectations of 2.5-3 percent.

Analysts welcomed the fastest pace of growth since November last year, but warned the recovery remained fragile.

"The fact is the economy is still performing below potential and all indicators are suggesting that we are just at the beginning of a gradual recovery," Dharmakirti Joshi, chief economist at Indian credit rating agency Crisil, told AFP.

"Some more hand-holding from the RBI (Reserve Bank of India) in form of rate cuts will be needed but that depends on how inflation pans out," Joshi added.

Consumer inflation edged up for the third straight month to 5.37 percent in February and is expected to spike further after unseasonal rains pushed up food prices.

The factory data comes three days after the RBI decided to keep rates unchanged at 7.50 percent, resisting calls from the government and markets to reduce the cost of borrowing to bolster the economy.

The RBI has already cut rates twice this year, but Governor Raghuram Rajan has made clear he will not rush into further cuts until inflation is tamed.

The RBI has a target of bringing inflation consistently below six percent by January 2016, and to four percent for the 2016/17 financial year.

The government of Prime Minister Narendra Modi, who stormed to power last May on pledges of economic reform, foresees India growing up to 8.5 percent in 2015/16, making it the fastest-growing major economy.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india factory output hits 9month high Arab Today, arab today india factory output hits 9month high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india factory output hits 9month high Arab Today, arab today india factory output hits 9month high

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 3,250 people killed in Raqqa battle

GMT 03:49 2017 Wednesday ,18 October

3,250 people killed in Raqqa battle
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday