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CareEdge Research Report
India’s industrial production edged up to 3.5% in October, compared to 3.1% in the previous month. Broad-based improvement was seen in the manufacturing, electricity and mining sectors.
While the performance in the consumer durables segment remained healthy in the year so far, the encouraging aspect is the improvement in output of consumer non-durables seen in the last two months.
A sustained and broad-based improvement in consumption will be essential to support industrial activity in the coming months.
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