IIP growth rate bounces back to 16-month high of 8.2% in October

Spurred by robust growth in manufacturing, industrial output bounced back to 16-month high of 8.2 percent in October raising hopes of economic recovery in the coming months. “I am very encouraged by the indications of the green shoots in economy in terms of production. IIP figures are very encouraging,” Finance Minister P Chidambaram told reporters […]