The leading index for India, which measures the future economic activity, increased in April after falling in the previous month, figures from the Conference Board showed Wednesday.
The Conference Board leading economic index rose 0.6 percent in April, following a 1.1 percent decrease in March, which was revised from a 0.4 percent drop.
“After contracting in the first quarter of this year, April’s increase in the Leading Economic Index for India is somewhat encouraging,” Jing Sima, Senior Economist at The Conference Board, said.
“However, the increase in the LEI did not offset March’s large decline and the index continues to struggle to gain traction, suggesting India’s economy is not yet on a faster-growing trajectory.”
The coincident index that reflects the current economic activity climbed notably by 2.5 percent in April, after a 1.1 percent decline seen in the prior month. Two of the three components contributed positively to the index in April.
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