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India's industrial production beats estimates; growth seen at 5.9% YoY in May

By Economic Times - 4 months ago
India's Index of Industrial Production (IIP) increased by 5.9% in May, up from 5% in April, according to data from the Ministry of Statistics and Programme Implementation. The government reported factory output growth of 5.7% in May 2023, a slight increase from the previous high of 11.9% in October 2023.

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