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Analysts from Deutsche Bank?had estimated that yearly revenues from AWS would be?about billion — ten times that of Microsoft’s own cloud computing arm, they noted. Last?month, analysts at Robert W.?Baird said it was valuing the AWS business?at to billion, or per share, on a standalone basis, TheStreet reported.

Analysts called for continued accommodative government policies to further spur demand, boost manufacturing investment and lift corporate confidence to consolidate the improvement in the manufacturing sector and prevent a sharp economic slowdown.

Angkor Wat in Cambodia. [Photo provided to China Daily]

Analysts said that deepening legal and administrative reform, transforming the roles of the government in economic activities and creating a level playing field and a transparent business environment hold far-reaching significance as the country's economic expansion decelerates and the economy undergoes a long-term transition toward an innovation- and consumption-driven growth model.

And it reminded the urban elite of India's vast diversity and chasmic differences in wealth.