Investment uptick required to see full economic recovery: ICRA

India Nikkei's October manufacturing Purchasing Managers' Index (PMI) came in at 54.4. A considerable rise compared to September's 52.1. The index is at its highest level since Demcember 2014.This was led by good rural demand due to above average monsoons and urban demand due to the Pay Commission, says Aditi Nayar of ICRA. This is completely consumption driven. For this to help in a wider economic recovery, an investment uptick is also very necessary, she says. The manufacturing PMI should paint a very positive picture, but she says investment recovery indicators still look negative.Watch video for more.