Industrial output grew 7% in April
India's latest economy data shows that the industrial production grew 7 per cent in April, reviving investors' confidence and beating market estimates. The IIP numbers was 11 per cent in April 2007 and it was 3.9 per cent last month. The demand for resources like coal and minerals surged and the sector grew by 8.6 per cent. Consumer goods also grew as Indian bought more television sets and household goods.
