Preview: industrial production up 2.8%
Agencies: Bangalore, Nov 09 2012, 10:51 IST
it is far from clear whether manufacturing has passed its weakest point.
The HSBC manufacturing purchasing managers' index (PMI) inched up in October from September's 10-month low as new orders picked up, but provisional government data showed exports fell 11 percent in September from a year earlier.
If you look at some of the other indicators, the export figures and the business surveys, they are not pointing to any underlying improvement in the situation, said Andrew Kenningham, economist at Capital Economics.
India will probably miss its revised fiscal deficit target for the fiscal year ending in March, casting doubt over the country's efforts to avert a credit rating downgrade, a separate Reuters poll showed on Wednesday.
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