India's leading index, which measures the future economic activity, increased in November after declining in the previous month, figures from the Conference Board showed Friday.
The Conference Board leading index rose 1.2 percent in November, in contrast to a 1.0 percent fall in October. Out of the eight components, seven of them contributed positively to the index.
«Despite the broad-based strength in November's Leading Economic Index for India, a moderation in its six-month growth suggests that the current rate of economic expansion is unlikely to accelerate considerably in early 2015,» Jing Sima, a senior economist at the Conference Board, said.
«Medium-term growth prospects in India remain fairly favorable, but are likely to fall short of popular expectations in the near term,» Bart van Ark, chief economist at the Conference Board said.
«Drastic reforms in labor markets, taxes and foreign domestic investment are still on the horizon. For 2015, the economy will likely grow at 5.5 percent, slightly faster than in 2014.»
The coincident index that reflects current economic activity climbed notably 4.4 percent in November, reversing a 5.7 percent slump in the prior month.
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