IIP grows 2.6 per cent in July after two months of contraction

September 12, 2013 17:47

After declining for two consecutive months, India's Index of Industrial Production, a measure of factory output, grew at 2.6 per cent in July. The index was in the negative zone in May and June, reading minus 2.9 per cent and minus 2.2 per cent, consecutively. The number came in much higher than a Reuters forecast of minus 0.8 per cent. More

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