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India's Industrial Output Surges

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"India's industrial production increased 18% from a year earlier in April, rebounding strongly after the pace of growth decelerated in the previous three months, driven by a robust rise in capital goods output. April is the seventh straight month of a double-digit rise in industrial output and follows a revised 14% increase in March, government data issued Friday showed. Industrial output had risen 10% in the fiscal year ended March 31. Industrial production has been running far above year-earlier levels, reflecting depressed output during last year's global slump. But the margin had been shrinking since December and economists predict production growth will gradually ease to single digits by September, a still-healthy level that will support the economy. "