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This is an archive article published on August 12, 2009

IIP to stay positive: Ahluwalia

Positive trend in industrial output is expected to continue,Montek Singh Ahluwalia said.

Positive trend in industrial output is expected to continue,the plan panel Deputy Chairman Montek Singh Ahluwalia said on Wednesday.

Industrial output rose by a faster-than-expected 7.8 per cent in June from a year earlier,driven by higher demand for goods such as cars and increased mining activity.

The figure was higher than a forecast for an annual rise of 3.3 per cent in a Reuters poll of economists.

“I always expect the positive trend to continue,” he said.

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