An industrial rebound is catching fire on most accounts and India’s factory output which showed 10.3 percent year on year growth in October data released on Friday. This kind of growth shown next to China. Manufacturing shown growth b 11.1% higher than the previous month’s 10 percent growth.
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The consumer durables sector grew by 21 percent. Now faster industrial growth would help overall economic growth despite a slump in agriculture following a drought this year. Rebound is also seen in job sector as the companies are now approaching with new plans and investments.
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