India's Industrial Production Increases by 13.6 Percent, Beating Estimates

(Bloomberg) -- India's industrial production growth
beat expectations in April, suggesting the central bank may need
to raise borrowing costs further to contain inflation stoked by
consumer demand.

Output gained 13.6 percent from a year earlier after a
revised 14.5 percent increase in March, the Central Statistical
Organisation said in a statement in New Delhi today. Economists
expected a rise of 11.3 percent.


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