India’s Production Rebounds, Giving RBI Scope to Hold Rates

India’s industrial production rebounded from the worst month since March 2009, a sign consumer demand is withstanding record interest-rate increases.

Output at factories, utilities and mines increased 5.9 percent in November from a year earlier after a revised 4.7 percent decline in the previous month, the Central Statistical Office said in a statement in New Delhi today. The median of 27 estimates in a Bloomberg News survey was for a 2.1 percent gain.