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Industry hails steady IIP growth despite global headwinds, rising input costs

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Industry hails steady IIP growth despite global headwinds, rising input costs

New Delhi: Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis. The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.…

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