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THE better-than-expected double-digit growth in industrial production in August has lifted the country's economic mood. The recently released data on the index of industrial production (IIP) shows that industrial output recorded a 10.4 per cent year-on-year jump in August on top of a 7.2 per cent increase in July. There has been a sequential growth since May when the IIP grew by just 2.1 per cent. The rate shot up to 8.21 per cent in June. Though the double-digit growth in August, the highe ...