Two days back, The IHS Markit had released its India Manufacturing Purchasing Manager’s Index, which showed an increase in manufacturing activity in the country. The index had risen to 55.3 in January from 52.7 in December.
Analysts claim that If this growth rate in the manufacturing activity sustains, the improvement in business conditions could lead to a gradual economic recovery
PM Modi, who was also in Saudi Arabia as the keynote speaker at the FII in Riyadh listed the attractiveness of the Indian economy and invited global businessmen to invest in the country.