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India’s Factory Output Expands to Eight-Month High in April

  • Index of industrial production rises 7.1%, versus 5% estimate
  • Increasing commodity prices could hurt nascent recovery

India’s April factory output rose to the highest in eight months, signaling economic recovery after wider reopening from the pandemic, though rising prices may curtail demand. 

The Index of Industrial Production rose 7.1% in April, data released by the Ministry of Statistics showed Friday. That compares with a 2.2% increase in March, and an estimate for a 5% increase in a Bloomberg survey.