In an encouraging development, the index for industrial output (IIP) for the month of January came in at 2.6%, way higher than street expectation of 0.50% and also higher compared to 1.7% in December. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2015 stood at 135.3, 200.5 and 175.8 respectively, with the corresponding growth rates of (-) 2.8%, 3.3% and 2.7% as compared to January 2014.
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