Indian Industrial growth rate at 7.1%
Indian Industrial growth rate at 7.1%
The Industrial Production Index grew to 7.1% in the month of July far exceeding expectations set from 4 to 6%.
This is indeed great for the economy which has been performing badly for a few months now. As a result of the unexpected growth rate, the Industry demanded a rate cut in interest rates to enhance investments further.
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Tags: Economy and Policy, Industries