NEW DELHIIndia announced surprisingly strong industrial production growth and a lower inflation rate Thursday, triggering hopes that the country's economic troubles may not be as bad as many had thought.
India's statistics ministry said the country's industrial production climbed 2.6% in July from a year earlier, beating the median forecast for a 0.5% contraction in a survey of 16 economists by The Wall Street Journal.
In another encouraging sign, separate data released by the statistics ministry Thursday showed that the consumer inflation rate eased to 9.52% in August from 9.64% in July. While it is still at extremely high levels, economists said even the marginal easing has given some hope that the inflation rate may be starting at last to come down.
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India Industrial Output Rebounds, Consumer Inflation Slows Marginally - WSJ.com
India's statistics ministry said the country's industrial production climbed 2.6% in July from a year earlier, beating the median forecast for a 0.5% contraction in a survey of 16 economists by The Wall Street Journal.
In another encouraging sign, separate data released by the statistics ministry Thursday showed that the consumer inflation rate eased to 9.52% in August from 9.64% in July. While it is still at extremely high levels, economists said even the marginal easing has given some hope that the inflation rate may be starting at last to come down.
...
India Industrial Output Rebounds, Consumer Inflation Slows Marginally - WSJ.com
