India Industrial Production Beats Estimates After Policy Changes
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India’s industrial output rose more than economists estimated in January following policy changes by the government to bolster an economy expanding at the weakest pace in a decade.
Production at factories, utilities and mines climbed 2.4 percent from a year earlier after a revised 0.5 percent drop in December, the Central Statistical Office said in a statement in New Delhi today. The median of 28 estimates in a Bloomberg News survey was for a gain of 1.3 percent.