Indian Industrial Output Grows by 9.8%

Festival season always marks a boom in purchases of consumer goods, providing evidence that the Indian economy is picking up pace.

India’s Industrial growth climbed to a five-year high in October.

As measured by the Index of Industrial Production (IIP), output surged 9.8 per cent in October, data released by the statistics office on Friday showed, the fastest since October 2010.

Source: India Blooms