The Leading Economic Index for India registered a small decline in February, primarily due to exports and financial indicators, but its six-month growth rate has moved into positive territory for the first time since early 2013. Thus, the LEI is finally beginning to signal that the pace of economic activity could be poised to improve slightly in the first half of 2014 after persistent slow growth last year, said Ataman Ozyildirim, Economist at The Conference Board.
Bart van Ark, Chief Economist at The Conference Board, added, Despite the remaining short-term challenges, this month's Leading Economic Index suggests a somewhat more positive economic climate in the months ahead. This, in turn, would provide a more favorable setting for the formulation of a new economic policy agenda following the upcoming general elections.
The Conference Board Coincident Economic Index (CEI) for India, which measures current economic activity, increased 0.3 percent in February to 202.1 (2004 = 100), following a 0.1 percent increase in January and a 1.1 percent increase in December. Two of the four components contributed negatively to the index in February.
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