India Industrial Output Rebounds

Manufacturing has helped to drive the economyIndustrial production in India grew at its fastest annual rate in more than a decade in November, spurred by capital and consumer goods, figures show. India's industrial production, including output from factories and mines, rose 14.4% year-on-year, the Commerce and Industry Minister said. November's rise came as the government revised October's annual growth figure downwards to 4.4% from 6.2%.
Analysts say November's figures make an interest rate rise more likely.

Harish Menon, an economist with ING Vysya Bank said the figures were better than expected and "make the chances of a rate hike increase definitely" this is according to BBC.
Capital goods - which include machines, equipment and factories - saw a 25.3% year-on-year rise in November. "Clearly the manufacturing sector's strength has rebounded after the aberration of October," said Shubhada Rao, chief economist of Yes Bank.
Manufacturing production, which accounts for some 75% of industrial output, was just under 16% higher in November compared with a year earlier. Industrial production represents about a quarter of India's economic growth.

Like India, Tanzania has greater chance to make fully use of any kind of maunufacturing to help drive the economy. How much investment is directed toward this sector? I am looking into this as my research continues. Our country has focused on other things other than manufacturing industry giving foreign goods more market share. As of now, China and India are importing almost every kind of good to Tanzania. Is that to say Tanzania has no industries that can produce most consumer goods? Is this a good thing or another disaster of our time? Stay tuned and if you think otherwise, drop a line or so.
Thanks.

Source: BBCNEWS.