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    <title>Industrial Upturn Depends on Improved Policy Environment and Higher Investment Rates</title>
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    <description>Industrial upturn is conditional on an improved policy environment and a swift return to higher investment rates; recent data show marginally higher manufacturing PMI, stronger domestic and export orders, improvements in power generation and production in key commodity sectors, rising rail freight earnings and exports, and growth in core infrastructural industries and overall industrial production, supporting an expectation of gradual industrial revival over the next two years.</description>
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