Higher domestic and international demand led to a rise in production levels as indicated by the HSBC India Manufacturing Purchasing Managers’ Index, which rose to 51.5 in June 2014 from 50.7 in December. The manufacturing sector’s Index of Industrial Production (IIP) rose by 4.8% yearon- year to 181.6 in May 2014, while the general IIP for the same month stood at 173.8, recording a 4.7% increase compared to the same period last year. Both wholesale and retail inflation eased to 5.43% and 7.31% respectively in June 2014.
As per the Central Statistical Office (CSO), the Gross Domestic Product (GDP) growth is forecast to rise to 5.5% in FY 2014–2015 from 4.7% in FY 2013–2014 due to an expected pick-up in the performance of industrial and services sectors.
Source :Cushman & Wakefield