Arab Today, arab today indias industrial output jumped 47 in may
Last Updated : GMT 14:25:28
Arab Today, arab today
Arab Today, arab today

India's industrial output jumped 4.7% in May

Arab Today, arab today

Arab Today, arab today India's industrial output jumped 4.7% in May

western India
New Delhi - AFP

India's industrial production jumped for the second month in a row in a boost for the new Narendra Modi-led government which faces a huge challenge to revive the ailing economy, data showed Friday.
Output grew a better-than-expected 4.7 percent in May year-on-year after recording a 3.4 percent increase in the previous month, the government said in a statement.
Manufacturing, accounting for over three-quarters of the Index of Industrial Production, grew 4.8 percent, while mining rose 2.7 percent and electricity 6.3 percent, the statement said.
Output of capital goods such as plant equipment, a harbinger of future investment, increased 4.5 percent, it said.
The figures come one day after Modi's government unveiled its maiden budget, promising a new era of fiscal discipline, higher growth and greater opportunities for foreign investors.
Modi, whose right-wing party came to power after winning landslide elections in May, faces an uphill battle to reform and kickstart the economy which has been stuck in low gear.
The economy grew by just under five percent last year -- half the rate of just a few years ago.
Confederation of Indian Industry director general Chandrajit Banerjee said the rise in output provided "a glimmer of hope that the economy could be bottoming out and recovery could be on the anvil."
He urged the government to implement initiatives announced in the budget, which included opening the defence and insurance sectors to direct foreign investment and more spending, through public-private ventures, on infrastructure.
The change in government has sparked an investor buying spree on the Indian stock exchange, on expectations of an impending turn-around in the economy.
In another encouraging sign for the government, India's exports jumped to a six-month high in May, figures released last month showed.

 

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 indias industrial output jumped 47 in may Arab Today, arab today indias industrial output jumped 47 in may

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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