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MoneyWorks4Me

Just in: Factory output expands at 19 month high; shoots up at 4.7% in May

11 Jul 2014 Evaluate

In an encouraging development for the economy, India’s annual industrial output growth, measured by index of industrial production (IIP), beating street expectation has expanded for the second straight month at 19 months high of 4.7% in May after posting growth of 3.4% in April.