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Friday, April 11, 2008

India Industrial Production February 2008

India's industrial production grew at the fastest pace in four months in February as record investment in power plants and factories boosted demand for electricity and cement. Production at factories, utilities and mines rose 8.6 percent from a year earlier after gaining a revised 5.8 percent in January, the statistics office said in New Delhi today.

Manufacturing, which accounts for about 80 percent of India's industrial production, gained 8.6 percent in February from a year ago, according to today's report. Electricity output rose 9.8 percent, the most in 17 months. Mining grew 7.5 percent.

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