India economic index increased 1.2 percent
All LEI components made positive contributors to the index in October.
“The Leading Economic Index for India increased in October on the back of widespread strengths among its components,” said Jing Sima, Senior Economist at The Conference Board.
“Despite the gain, the six-month growth in the LEI has been moving sideways since mid-2015, providing little evidence that India’s pace of economic expansion will gain much momentum in the coming months.”
The Conference Board Coincident Economic Index (CEI) for India, which measures current economic activity, increased 1.5 percent in October to 110.6 (2010 = 100), following a 1.8 percent decline in September and a 0.4 percent increase in August. Car sales: passenger vehicle and industrial production increased in October. October figure is based on The Conference Board estimates. ■