India’s industrial production grows 4% in August, shows govt data

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While the manufacturing sector recorded growth of 3.8 per cent in August, the electricity sector grew by 4.1 per cent, and the mining sector registered 6.0 per cent growth during the same period The Index of Industrial Production (IIP) growth rate in August stood at 4 per cent, against 3.5 per cent in July, driven…

Moody’s retains India’s rating at ‘Baa3’, maintains a stable outlook

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Moody’s Ratings on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position.   The global rating agency also affirmed India’s other short-term local-currency rating at P-3.   “The rating affirmation and stable…