Taimur Baig
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India not 'fully out of the woods'

India's industrial output rose more than expected in October, boosted by increased demand during the festive season in the country.

Factory output rose 8.2% from a year earlier. Most analysts had forecast a rise of 4.5%.

Manufacturing activity, which accounts for almost two-thirds of overall output, rose 9.6% from a year earlier.

However, analysts said the data was also helped by a low base and did not indicate a recovery in India's economy.

Taimur Baig, chief economist at Deutsche Bank, told the BBC's Asia Business Report that India is not "fully out of woods" yet.

However, he said that things were likely to be better for Asia's third-largest economy in 2013.

  • 12 Dec 2012