Mumbai, Jan. 21 -- Reserve Bank of India (RBI) has stated in its monthly update today that in November, growth in industrial activity, as measured by the year-on-year (y-o-y) change in the Index of Industrial Production (IIP), jumped to a 25-month high, primarily driven by a robust manufacturing growth. Mining sector also rebounded after two consecutive months of contraction. The index of eight core industries posted a four-month high growth in December, led by strong growth in steel and cement and turnaround in electricity generation. High-frequency indicators of industrial activity remained strong in December. Automobile production experienced accelerated growth across segments in December, underpinned by a healthy booking pipeline driv...
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