Chief Economist, Kotak Institutional Equities, said the IIP numbers for the month of April, which were above expectations, testified to the underlying strength of the economy. The industrial output is up 13.6% vs 9.9% on a YoY basisl. Meanwhile, the manufacturing output for April is at 15.1% vs 11% on a YoY basis
Thursday, June 12, 2008
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