Increased hopes for economic revival following positive IIP

Following a steady decline in the previous three consecutive months, India’s IIP has finally bounced back. According to official data publicized on Friday, the Index of Industrial Production, also known as the factory output, of India, increased in November by 1.8%. This increase in India’s IIP follows the almost flat output development seen around the same time the previous year.

The progress in November is owed to the r....