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B&E Indicators
 
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B&E Indicators

Issue Date - 30/04/2012
 
A touch below expectations Indian economy continued to cool through Q4 2011. The fourth quarter’s 6.1% increase was a touch below expectations and was the slowest rate of growth since 2009. This is a weak result for India, which was growing above 7% in 2010 and the first half of 2011. In fact, weaker external demand, rising global uncertainty, elevated interest rates, and declining business confidence will continue to cap the economy’s growth in 2012.
 
But strong production numbers

India’s industrial production surged 6.8% year-on-year (yoy) in January 2012. As expected, the January rebound was led by manufacturing, which accounts for the bulk of the index. Manufacturing production rose 8.5% yoy in January 2012 compared with 2.6% the month before. However, electricity production slowed to 3.2% yoy growth. Even mining remained in negative territory at -2.7% yoy.

          

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