Raising hopes that India’s gross domestic product (GDP) growth during the December quarter would exceed the previous quarter’s 7.4 per cent, the country’s industry in October expanded at a near-double-digit rate of 9.78 per cent, mainly because of higher as demand during the festival month.

The index of industrial production (IIP) rose 9.8 per cent during the month, compared with 3.8 per cent in September (revised from 3.6 per cent). The growth rate for October this year looked even better because the country’s industrial production had contracted 2.7 per cent in the same month last year

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