The index grew to its highest level since March 2013
The beginning of 2014 was quite favorable for the Indian industry. The rate of increase in the production of Indian plants was the most rapid during the past year. Factories received more domestic and foreign orders, the BBC News writes.
The industrial index in January 2014 grew to 51.4 points, while last month, its value was equal to 50.7. By November, 2013 the index that measures the level of business activity in the industrial sector was below the 50 points within three months.
Sustained economic growth and increase in exports to the U.S. and the eurozone are actively involving new orders in India. In January, new orders index grew to 52.4, up from 51.3 points in December 2013. This prompts Indian entrepreneurs to increase production.
The increase in the index of industry weakened political tensions that have long hard fight against inflation, weak exports and unstable economy.
