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India's Industrial Production Rises Strongly In December

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India's industrial production rose 16.8% year-on-year in December, led by growth in mining and manufacturing sectors, official data showed Friday. It follows 11.8% growth in November, revised up from an initial estimate of 11.7%.

Manufacturing output rose 18.5% annually in December, reversing a decrease of 0.6% last year. Mining output was up 9.5%, quicker than the previous year's increase of 2.2%. Production of electricity was up 5.4% versus 1.6% rise in last year.

The cumulative growth for the period April-December 2009-10 stood at 8.6% over the corresponding period of the previous year.

(Market News Provided by RTTNews)

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