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The buoyant industrial output reflected in the IIP August numbers seems to set at rest any doubts that remain about the strength of economic recovery. With the overall index growing by 10.4 per cent over August 2008 and the manufacturing sector coming in a shade lower at 10.2 per cent, the growth in the index for the June-August 2009 period to 8.6 per cent is quite reassuring. In the same three months of 2008, growth had averaged no more than 4.5 per cent. Then, the business cycle was turnin ...