Cummins Inc.’s (CMI) fourth-quarter profit climbed a better-than-expected 34% as strong sales in India and other BRIC countries offset weaker demand in the engine-maker’s North American market. The maker of truck engines and power generation systems continues to expect growth, with plans to add about 2,500 U.S. jobs this year after adding only 185 in 2010.
The company’s profit was led by 48% increase in international sales that accounted for 64% of total sales. Sales in India shot up 37% during the year.
February 6, 2011 No Comments
India’s factory output rose 10.3 percent in October from a year earlier as government stimulus measures and domestic demand pushed Asia’s third-largest economy into its 10th straight month of industrial expansion. The government also revised its number for September industrial output growth to 9.6 percent from 9.1 percent.
The Expert expects India factory output to continue its brisk pace at between 8 and 11 percent through 2010. Much of this driven by internal factors, although manufacturing exports from India continue to rise, in selected categories. A7DD3RVAUQC6
January 1, 2010 No Comments
The global slowdown that began last year affected exports from India for a while but the overall mood in the country continued to be upbeat. Quarterly growth also continued so facts and emotions were lined up. In Q3 2009, facts seem to have gotten ahead of emotions as India reported 7.9 % growth, ahead of most expectations. Those who know Indian stats are aware that the numbers are not burnished by govt statisticians (unlike another large country in the area). This is good news for anyone wanting to export to India. See the Financial Times report for more specifics or another report here from the venerable US taxpayer funded Voice of America.
December 3, 2009 No Comments