India’s industrial production grew to 7.5%

India‘s factory production grew in January to 7.5% over the same month last year, and marginally over the 7.1% recorded in December 2017. The recovery in factory output in January was driven by a revival in manufacturing activity (8.7%) as well as electricity generation (7.6%). The sharp improvement in IIP is a positive trigger for the March quarter GDP which will be announced on 31 May.

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