A new Bank of Baroda study shows that India Inc. corporate performance as well as the boost to private capital formation has been quite uneven almost in line with the K-shaped consumption recovery.
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The rebound in motor vehicle production contributed to "most areas of strength," the Fed said, pointing to a 7.5 percent increase in the index for automotive products, and a 3.5 percent gain in consumer durables. Meanwhile, the production of nondurable consumer goods decreased 0.8 percent, underscoring the ongoing challenges that producers face.