ET INTELLIGENCE GROUP: Amid an uncertain economic climate, southern India seems to have outshone the rest of the country. Maruti cars sold to customers by dealers rose 12-13% in the south, compared with 4% overall in December 2016. Its retail sales touched an all-time record of 183,000 units in December.UltraTech, India’s largest cement company, reported volume growth in south India in the December quarter, in contrast with a 2% drop overall. It grew 11.3% to 19,696 gigawatt hours in December, exceeding the all-India average of 6.13%.Experts ascribed several reasons to the southern surge. The degree of demonetisation’s impact is linked to banking density, which is higher in the south.

Source: Economic Times January 27, 2017 18:56 UTC