Indian Industrial Output Extended 17.6%

It is good news of Indian Economy that 17.6% growth has been recorded in Indian Industrial output. NDTV said, "capital goods outputs are also increased up to 72.8%. It happened due to increase the demand of durable and non durable goods. Consumption of durable goods picked up to 37% and non- durable goods up to 6.6%. Now, RBI is trying to reduce the inflation of raw material and other food price.

The Indian industry is firing on all cylinders with investments picking up and consumption holding strong. Industrial output data released on Friday surpassed even the most optimistic expectations with a 17.6 per cent growth.