Storm of Indian economy at 1
reports Mehr News Agency , the results of the Indian Shopping Managers’ Index poll show that factory activities in India at the beginning of the new year have been in strong growth. This encouraged companies to hire at an unprecedented job rate.
This news can be promising for the third largest Asian economy in the past few seasons and consumption is still weak for the third largest economy, which has declined in the past few seasons.
Indian factory buyer’s final index set by HSBC and S & P Global reached 1.5 in January, from 4.3 in December, which was the lowest level in the last 6 months. , Higher. This number was slightly lower than the initial prediction, which showed an increase to 1. This index has remained above Level 2, which is the boundary of the separation of expansion and contraction.
Paranjol At HSBC, the final index of India’s production reached its highest in January. Both domestic demand and export were strong and supported the growth of new orders. New orders, an indicator of overall demand, have experienced the fastest growth since July, due to the strong export orders caused by rapid growth over the past five years. The sub -index of production also reached its highest level in the past three months.
This has increased trust in the future in the next twelve months, with companies expanding their workforce hiring at the fastest rate since March. Reducing inflation stress has also helped this. Input prices rose slowly over the past year, allowing companies to raise their sales prices at a slower speed last month. This is a good news because public inflation remained higher than the medium -term target of the central bank in the past year.
The majority of economists in the Reuters poll predicted that the Central Bank of India will reduce its basic interest rates after the meeting on February 1-8, to reach 4.9 %. .
India, in its annual budget announced last week, reduced personal tax rates. The move shows that the world’s fifth -largest economy seeks to strengthen domestic demand in a situation where due to the possibility of new business barriers, global economic prospects are ambiguous.
