Economics
India Production Growth Quickens, Giving Scope for Rate Rise
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India’s industrial output grew more than analysts expected in January, supporting economic growth and giving the central bank scope to increase interest rates and fight inflation.
Output at factories, utilities and mines rose 3.7 percent from a year earlier after a revised 2.5 percent gain in December, the government said in a statement in New Delhi today. The median estimate of 24 economists in a Bloomberg News survey was for a 2.9 percent increase.