India Macro Indicators
India Macro Indicators
TREND | 13 Sep 2017, 12:00AM
Choice India
Outlook: Industrial production is likely to revive in the coming months amidst the expectations of revival in overall demand in the economy. Manufacturing PMI reviving to expansionary phase of 51.2 in August v/s 47.9 in the previous month and increase in auto production growth to 13.6% in August (10.8% in July) showed that manufacturing output has improved following the implementation of GST. Consumers non-durable sector continued to witness positive growth showing an improvement in the rural demand, furthermore demand in the economy to get boost from the coming festivals season and rise in new income to farmers post kharif crops harvest. Growth in auto production, rising...
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