India’s industrial output likely recovers as Modi pushes reforms | Reuters

Indian industrial output probably made a tepid recovery late last year due to weak demand at home and abroad, underscoring the challenges faced in 2015 by Prime Minister Narendra Modi as woos global investors this week.

Employees work on an assembly line of Hero Motocorp during a media tour to the newly opened plant in Neemrana, in the desert Indian state of Rajasthan, October 20, 2014. REUTERS/Anindito Mukherjee

To accelerate the recovery in Asia’s third largest economy from its longest slowdown since the 1980s, Modi has pushed through a raft of economic reforms, mostly by executive orders.

But global headwinds, lukewarm domestic demand and unused industrial capacity mean capital investment has not picked up and the economy remains way below potential.

Retail inflation – still a major issue for Asia’s third largest economy though it fell to an all time low in November – probably rose sharply in December fueled by higher food prices.

via India’s industrial output likely recovers as Modi pushes reforms | Reuters.

Advertisements

3 Responses to “India’s industrial output likely recovers as Modi pushes reforms | Reuters”

  1. India’s industrial output likely recovers as Modi pushes reforms (stated above) is an encouraging reading for those who have interest in India’s progress at heart!

    However, I would like to say that “red tape” practices which have been considered as routines, takes time to reverse the trends. Unfortunately, its a slow process. Of course Modi’s reforms will bear fruit, but in due course!

    Once the reforms are in operation, progress will be noticed.

    Like

    • Of course you’re right. It will take more than a few months to reverse bad practice of over 65 years. If you include the admin of the Raj then we are talking about reversing ‘habits’ of a few hundred years!

      Like

Trackbacks

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India

%d bloggers like this: