Overseas investors’ holdings of Indian stocks and bonds have picked up, rising more than $8 billion in 2017. "India’s current account deficit is being financed in large part by foreign direct investment inflows," said Shilan Shah, Singapore-based economist at Capital Economics. "This is a positive reflection of Prime Minister Modi’s...
Industrial Output Growth in India Reaches 5-year High
Reuters reports that India's industrial output grew at its fastest pace in five years this October, propelled by manufacturing – factory output, utilities and mines grew 9.8 percent, its fastest pace since October 2010. Soumya Kanti Ghosh, chief economic advisor at state-held State Bank of India, reckoned that this data...