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Smoke and mirrors in October industrial production numbers

While the year-on-year IIP growth figures for October 2023 are very strong for all sectors, the same can’t be said for month-on-month growth

December 13, 2023 / 09:12 IST
Industrial production had dipped in October 2022, so the 11.7 percent year-on-year growth has a strong base effect.
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