NEW DELHI, July 12 (Reuters) – India’s industrial output
picked up more than expected in May, bolstering the case for the
central bank to keep interest rates high at its next policy
meeting as a slow start to the monsoon puts pressure on
inflation, especially food prices.

Industrial production rose 2.4 percent in May from a year
earlier, driven by manufacturing growth, data released on
Thursday showed. The number, which was ahead of a Reuters poll
forecast for an 1.8 percent increase, was the largest growth in
output since February.

NEW DELHI (Reuters) – Major global companies consider India their third most favoured destination after China and the United States, a U.N. report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.

Foreign direct investment (FDI) flows into India leapt 30 percent to nearly $32 billion in 2011, though held back by slow pace of reforms, it still remains a long way down the league table of FDI recipients.

NEW DELHI, June 7 (Reuters) – India plans a roadshow next
week in five Gulf countries to attract sovereign funds and other
investors to help revive slowing growth in Asia’s third largest
economy.

A rapid pace of more than 9 percent expansion before the
2008 global financial crisis has softened to just 5.3 percent in
the March quarter, the weakest in nine years, and Finance
Minister Pranab Mukherjee hopes to attract petro dollars to
invest particularly in the country’s infrastructure.

NEW DELHI/MUMBAI, June 6 (Reuters) – Major auto makers in
India warned on Wednesday that government proposals to raise the
tax on cars running on heavily subsidised diesel will hurt a
fast-growing sector popular with India’s emerging middle class.

Demand for diesel-powered vehicles has surged, accounting
for more than 40 per cent of new car sales in India in the year
to March 2012 or double their share in the previous year.

NEW DELHI/MUMBAI (Reuters) – Major car makers in India are fighting a government proposal to raise taxes on vehicles that run on heavily subsidised diesel, fearing it will hurt a fast-growing segment of the industry.

The tax hike proposal is the latest in a series put forth by Prime Minister Manmohan Singh’s coalition government in recent days as it seeks to fend off widespread criticism that weak leadership and policy inertia are fuelling a slowdown of Asia’s third-biggest economy.

NEW DELHI/MUMBAI, June 6 (Reuters) – Major car makers in
India are fighting a government proposal to raise taxes on
vehicles that run on heavily subsidised diesel, fearing it will
hurt a fast-growing segment of the industry.

The tax hike proposal is the latest in a series put forth by
Prime Minister Manmohan Singh’s coalition government in recent
days as it seeks to fend off widespread criticism that weak
leadership and policy inertia are fuelling a slowdown of Asia’s
third-biggest economy.

NEW DELHI (Reuters) – India has prepared a contingency plan for Greece exiting the euro zone and even a collapse of the monetary union, Indian officials said on Tuesday.

The euro zone debt crisis has already put a damper on India’s exports to Europe, the biggest destination for Indian goods, as well as capital inflows into equity and debt markets. Prime Minister Manmohan Singh’s government blames Europe’s woes for the slowdown in Asia’s third-biggest economy, although economists say Indian policy inertia is also to blame.

NEW DELHI (Reuters) – India has prepared a contingency plan for Greece exiting the euro zone and even a collapse of the monetary union, Indian officials said on Tuesday.

The euro zone debt crisis has already put a damper on India’s exports to Europe, the biggest destination for Indian goods, as well as capital inflows into equity and debt markets. Prime Minister Manmohan Singh’s government blames Europe’s woes for the slowdown in Asia’s third-biggest economy, although economists say Indian policy inertia is also to blame.

NEW DELHI (Reuters) – Indian export data released on Friday confirmed a sharp slowdown in foreign trade, adding to the woes of Asia’s third-largest economy and piling more pressure on the weak coalition government to take steps to boost economic growth.

Indian exports inched up 3.23 percent to $24.5 billion in April from a year earlier after falling in March, a far cry from the more than 20 percent growth recorded in recent years. India has been hit by falling demand from its traditional export markets in the United States and Europe.

NEW DELHI, June 1 (Reuters) – Indian export data released on
Friday confirmed a sharp slowdown in foreign trade, adding to
the woes of Asia’s third-largest economy and piling more
pressure on the weak coalition government to take steps to boost
economic growth.

Indian exports inched up 3.23 percent to $24.5 billion in
April from a year earlier after falling in March, a far cry from
the more than 20 percent growth recorded in recent years. India
has been hit by falling demand from its traditional export
markets in the United States and Europe.