Factories in India, China Buzzing Again
June 15, 2010

The manufacturing and services sectors in India and China steroidssaleguide.com have demonstrated robust growth in the past few months, indicating that the economies can continue to grow without additional public aid, admist monetary tightening.

India’s industrial output grew at its fastest year-on-year pace in almost two decades at 16.8 percent in December. The manufacturing sector, which constitutes around 80 percent of industrial output, expanded by 18.5 percent during the same time, consumer durable industries such as automobiles and FMCG’s as well as capital goods were the best performing industries. The HSBC Markit Purchasing Managers’ Index also climbed to 57.6 in January, as both domestic and export orders rose significantly from the previous month. As India’s manufacturing output exceeds its primary industry agriculture this year, the Union budget is expected to reveal further tax incentives to the manufacturing sector. Investment in new plant and machinery to the tune of US$50.1 billion is also expected to give the manufacturing industry fillip.

Improved economic conditions and a spurt in domestic spending has resulted in Chinese factories buzzing again.  The HSBC China Manufacturing Purchasing Managers Index rose to a record high of 57.4 in January from 56.1 in December, marking the fastest pace on record in January. Producers prices also rose, giving rise to fears of  inflation and further monetary tightening. Nonetheless,  Shanghai Daily, the commercial capital’s English newspaper reported that China could overtake the United States to become the world’s premier goods manufacturer within the next five years if they improved social security measures for employees.

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