World Business Briefing: India: Industrial Output Exceeds Forecasts
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Helped by robust manufacturing, Indiaâs industrial output rose a stronger-than-expected 13.6 percent in April from a year earlier, the government said. But the numbers heightened concerns that the Indian economy might be overheating, growing faster than the pace that can be sustained. It also fueled fears that the central bank might increase lending rates and take steps to restrain money supply growth to cool the economy. While the April growth was slower than the 14.5 percent rise in March, it was stronger than the 11 percent expansion forecast by economists polled by Dow Jones Newswires. The April data showed manufacturing expanded 15.1 percent in April, while electricity generation grew 8.7 percent from a year ago. Mining output rose 3.4 percent.
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South Koreaâs industrial output rose in April, helped by increased exports of chips and cars. Manufacturing production jumped 3.1 percent from March, the largest gain in seven months, the National Statistical Office said. Output rose 6.7 percent from a year earlier. Corporate investment in factories surged 15.6 percent in April from a year earlier, the biggest gain since September 2006, the report showed. The figures also showed an index of economic indicators climbed 5.1 percent in April from a year earlier after rising 4.9 percent in March.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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More UK manufacturers are seeing a rise in output and orders than at any time in 11 years, a report says.
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Growth in Chinese industrial output picked up last month, boosted by strong export demand, figures show.
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Subcontinent covering itself in WEEE India's production of high-tech waste is far higher than previously thought, according to a report by Delhi-headquartered environmental organisation Toxics Link.â¦
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Raman Roy talks about how this technique put India on the world's business map.
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IndiaÂs manufacturing grew 12.1 percent in the first half of the countryÂs fiscal year, which ended in September, compared with 9.5 percent in the period last year. The fast-paced growth of the manufacturing sector has been important in raising IndiaÂs economic output more than 8 percent annually. According to a survey by the Confederation of Indian Industry, a trade organization, more than 34 sectors of the 125 surveyed reported production growth greater than 20 percent. Foreign direct investment in India doubled to $4.4 billion in the first half of the fiscal year, Kamal Nath, above, commerce and industry minister, said.
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Chinaâs government reported industrial production growth unexpectedly accelerated in May, hours after Prime Minister Wen Jiabao, left, said further steps were needed to cool the countryâs economy. Output rose 18.1 percent in May from a year earlier, the National Bureau of Statistics said, after gaining 17.4 percent in April. Mr. Wen said Wednesday that monetary policy needed âmoderate tightening,â underscoring the failure of two interest rate increases this year to slow the economy. Record trade surpluses have pumped money into the financial system, stoking investment, inflation and a stock market boom. For the first five months, industrial production climbed 18.1 percent from the period last year, up from 16.6 percent growth for all of 2006.
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PRAGUE- The Czech Republic's industrial output grew by 9.9 pct last year, against a growth of 5.8 pct the year before, and in December alone was up 8.3 pct yr/yr, the growth slowing down from November's 10.9 ...
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Indian firms are increasing their IT budgets an average of 13 percent this year, far more than the global average of 3.3 percent, research company Gartner said Wednesday.
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India's economy grew at a faster-than-expected annual rate of 9.3% in the second quarter, according to official figures.
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Editor&#39;s Note: Published on page A1 of the Nov. 30, 2004 issue of the Philippine Daily Inquirer. BEATING most forecasts, the economy -- as measured by the gross domestic product (GDP), the
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Indian industrial output was up 7.6% in December on a year ago, official figures show.
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Industrial output in the US rose for a 16th straight month in September,  ahead of analysts' forecasts.
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India grew 9.1% in the first three months of 2007, driven by the manufacturing and service sectors.
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Strong demand for trucks and buses in India accelerates earnings at the country's auto giant Tata Motors.