Positive macro-economic factors reflect revival of the economy. India’s Gross Domestic Product (GDP) grew by 5.7% in first quarter 2014-15 versus 4.6% registered during the previous quarter. This was India’s fastest quarterly growth in two years.
The manufacturing sector bounced back from a contraction of 1.4% in fourth quarter 2013-14 to an expansion of 3.5% in the current quarter. However, quarterly agricultural growth slowed down from 6.3% to 3.8%. HSBC’s Composite Output Index for India was recorded at 50.6 in August, almost on par with the 50.7 recorded in May.
Source : Cushman & Wakefield