Record growth in Indian manufacturing sector
16/04/2007
The Indian manufacturing sector posted record growth of 12.3% in February, whilst the cumulative industrial growth in the 11-month period (April 2006 to February 2007) reached 11.1% compared with the corresponding period in the previous year. This is the first time that Industrial growth has crossed the 11% mark in the last decade.
Meanwhile, foreign direct investment (FDI) inflow (equity only) in February 2007 reached $698 million, compared with only $127 million in February 2006, an increase of 450%. Cumulatively (from April 2006 to February 2007) FDI reached $11.89 billion, compared with $4.31 billion during the equivalent 11-month period a year earlier. This equates to growth of 176%.
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