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India's manufacturing surge to fizzle out as oil bounty fades

Numbers in latest data release raise eyebrows among economists; wobbly economic recovery is on the cards

Prime Minister Narendra Modi is pushing to boost the share of manufacturing in India's economy to 25 per cent by 2022 from about 18 per cent now to put 100 million people to work.


INDIA's growth data is once again raising questions, and that signals trouble ahead for the world's fastest-growing major economy.

This time the surprise was a manufacturing surge that contrasted with other indicators, including official industrial production data and a...