Arab Today, arab today indias industrial output jumped 47 in may
Last Updated : GMT 04:08:59
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.

 

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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
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