India finmin: output data sign of recovery

Newswire

NEW DELHI, Oct 12 (Reuters) - India's August industrial output data shows signs of recovery in the economy, the finance minister said, and output could improve further, the finance secretary said on Monday.

"There is a possibility of industrial production to move up," Finance Secretary Ashok Chawla told Reuters.

Industrial output rose by 10.4 percent in August from a year earlier, its fastest pace in 22 months. [ID:nDEL518940] (Reporting by Manoj Kumar)

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