Manufacturing News

Manufacturing at the front of Indian economic growth

Manufacturing has surged by 9.2 per cent in India, contributing to the country’s best growth figures in 18 months.

Asia’s third largest economy has expanded 7.9 per cent in the quarter up to September, well up from the forceast 6.3 per cent due to government spending a record low interest rates.

According to the Indian Government, this figure reflects the positive impact manufacturing is having on the Indian economy. In 2008, the manufacturing industry grew by 5.1 per cent.

The recent demand for small, fuel-efficient cars has contributed to the industry’s growth.

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